Key Takeaways
- • Brevan Howard plans to open an office in Greenwich, Connecticut, early next year, according to a Business Insider report, citing an unnamed person familiar with the plans.
- • The Greenwich office would be the firm's fourth US location, following New York and Austin, with a Miami office also scheduled to launch later this year.
- • The $35bn macro-focused hedge fund currently has staff in London, Jersey and Geneva, and has not established an office in Athens.
- • Greenwich joins a cluster of established hedge fund hubs that includes AQR, Verition, Bridgewater Associates, Point72 and Viking Global.
Summary
Brevan Howard is planning to open an office in Greenwich, Connecticut, early next year, according to a report by Business Insider. The report cites an unnamed person familiar with the plans, who described the Greenwich site as the European-based macro hedge fund's fourth US presence. The firm, which manages approximately $35bn, already operates in New York and Austin, and has a Miami office scheduled to open later this year.
The expansion extends the firm's global footprint. Brevan Howard currently has employees in London, Jersey and Geneva. The report notes that the firm has not established an office in Athens, despite speculation about Greece's ambitions to attract hedge fund businesses and wealthy investment professionals.
The choice of Greenwich places Brevan Howard in one of the most established US centres for hedge fund talent. The Connecticut suburb and surrounding area are home to AQR and Verition in Greenwich, Bridgewater Associates in nearby Westport, and Point72 and Viking Global in Stamford. The move reflects the continued concentration of hedge fund managers in Connecticut and the New York metropolitan area, where access to talent and institutional networks is well established.
The expansion extends the firm's global footprint. Brevan Howard currently has employees in London, Jersey and Geneva. The report notes that the firm has not established an office in Athens, despite speculation about Greece's ambitions to attract hedge fund businesses and wealthy investment professionals.
The choice of Greenwich places Brevan Howard in one of the most established US centres for hedge fund talent. The Connecticut suburb and surrounding area are home to AQR and Verition in Greenwich, Bridgewater Associates in nearby Westport, and Point72 and Viking Global in Stamford. The move reflects the continued concentration of hedge fund managers in Connecticut and the New York metropolitan area, where access to talent and institutional networks is well established.
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