Key Takeaways
- • Johan Tellvik, formerly a senior trader at Brevan Howard Capital Management, joined LMR Partners in January 2016 in Hong Kong to establish and run a global equity capital pool, departing Brevan Howard after approximately one year.
- • Tellvik's mandate at LMR focuses on equity capital markets transactions, including initial public offerings (IPOs) and related equity-driven investment opportunities, positioning the hedge fund to expand its equity strategies.
- • The hire represents a strategic addition for LMR Partners, bringing experience from a prominent multi-strategy hedge fund to strengthen its equity platform in Asia and globally.
- • Tellvik was identified as Brevan Howard's last remaining equity-focused manager at the time of his departure, indicating a shift in the firm's strategic priorities away from equity-focused management.
Summary
At LMR, Tellvik's role centers on equity capital markets activities, with a specific focus on IPOs and related equity transactions. The hire reflects LMR Partners' strategic intent to expand its equity investment capabilities, particularly in Asia-Pacific markets where the Hong Kong base provides operational leverage. Tellvik's background as an equity specialist positions him to build and manage the firm's equity strategies across global markets.
The timing of Tellvik's move from Brevan Howard to LMR in early 2016 marked a period of strategic repositioning at both firms. His departure from Brevan Howard coincided with the firm's broader shift away from dedicated equity management, making Tellvik's transition to LMR a notable consolidation of equity talent within the alternative investment industry during that period.
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