Hedge Fund Brevan Howard Sees Positive Returns but Loses Veteran Portfolio Manager
Things have been looking up at hedge fund Brevan Howard, which generated returns of 4.4% in its Master Fund in January after a mere 0.8% gain in 2025. Despite this, a veteran portfolio manager is leaving.
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Mike Graham, who has worked for Brevan Howard since joining as a graduate in 2007 has left Brevan Howard and is on a non-compete according to his LinkedIn profile.
Both Brevan Howard and Graham declined to comment.
Brevan Howard was founded in 2002. Graham wasn’t there from the very beginning, but was there from the early days. Graham’s entire career – save for a year in the British army – has been spent at Brevan Howard.
Changes at Brevan Howard
Brevan Howard has been making some changes this year. For example, Bloomberg reported in January that Fash Golchin, a star trader who was running an ‘FG Fund’ which included external capital, is now running the largest cash allocation from the $11.4bn Master Fund instead.
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