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Brevan Howard Adds Tekmerion Macro Hedge Fund to Its Platform

Reported by Bloomberg
Feb 26, 2024· 2 min read
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Key Takeaways
  • • Tekmerion Capital Management is moving its macro hedge fund to Brevan Howard Asset Management's platform, with co-founders Zachary Squire and Reed Morrissey joining Brevan Howard alongside partner Jay Dweck and operations director Eric Gelsinger.
  • • The move expands Tekmerion's mandate beyond its own BH-Tekmerion Fund to include management of capital for Brevan Howard's Master and Alpha Strategies funds, positioning the systematic macro team within a larger multi-strategy platform.
  • • Tekmerion, founded in 2017 as a New York-based firm, became a unit of Brevan Howard two years prior to this platform consolidation, representing a strategic integration rather than a new external partnership.
  • • The arrangement enables Tekmerion's systematic macro capabilities to serve both its existing client base and Brevan Howard's institutional capital, combining operational efficiency with specialized investment expertise.
Summary
Brevan Howard Asset Management has integrated Tekmerion Capital Management's macro hedge fund into its platform, formalizing a relationship that began when the firm joined Brevan Howard two years earlier. The move consolidates Tekmerion's operations within Brevan Howard's infrastructure while expanding the scope of capital the systematic macro team manages.

Tekmerion's leadership team—co-founders Zachary Squire and Reed Morrissey, partner Jay Dweck, and operations director Eric Gelsinger—will transition to Brevan Howard employment. Beyond managing the dedicated BH-Tekmerion Fund for their own clients, the team will now oversee allocations to Brevan Howard's flagship Master and Alpha Strategies funds, integrating their systematic macro approach across multiple investment vehicles.

The New York-based firm, established in 2017, specializes in systematic macro strategies and brings a distinct investment methodology to Brevan Howard's multi-strategy platform. This integration reflects a common hedge fund industry practice of housing specialized teams within larger alternatives platforms, providing access to institutional capital while maintaining operational independence and investment focus. The arrangement allows Brevan Howard to leverage Tekmerion's macro expertise across its broader client base while enabling Tekmerion to retain its distinct brand and client relationships.

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Sources

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AlphaMaven summarised this story from the reporting below. Each link opens the original article.

Bloomberg Brevan Howard Adds Tekmerion Macro Hedge Fund to Its Platform