The Rise of Brevan Howard: Eisler Employees Find New Home
Eisler, the hedge fund founded by Ed Eisler, is shutting down, leading its 250-ish employees to seek new opportunities in the finance industry. Many of them have found their way to London-based hedge fund Brevan Howard, which is increasingly becoming a meeting point for former Eisler staff.
New Faces at Brevan Howard
One of the latest additions to Brevan Howard is Benjamin Spielman, who recently joined the fund as an ECM portfolio manager in New York. Spielman had a brief stint at Eisler before making the move, bringing valuable experience from his time at Rokos Capital Management.
Joining Spielman are two more former Eisler portfolio managers who made the switch to Brevan Howard in November: Alberto Fabbri in London and Kumar Velayudham in New York. Fabbri, who previously led trading for a family office, had a short tenure at Eisler, while Velayudham spent over two years at the firm.
Promotions and Opportunities
Other Eisler veterans have also made strategic career moves post-closure. Seye Fasan, a former Eisler VP, transitioned to investment bank Jefferies to lead its EMEA capital introduction offering in London. The lack of non-compete clauses at Eisler has enabled its employees to explore new roles with ease.
Despite the appeal of joining Brevan Howard, recent reports suggest that the hedge fund has faced challenges, including bonus and salary cuts for its members in London. The performance of its flagship funds has also been mixed, with varying returns across different strategies.
Looking Ahead
As the financial landscape continues to evolve, former Eisler employees are navigating their career paths with resilience and adaptability. The industry’s competitive nature presents both challenges and opportunities for professionals seeking new avenues for growth.
For more information on the transition of Eisler employees to Brevan Howard, visit here.
