Macro hedge fund Tekmerion Capital Management is spinning out from Brevan Howard Asset Management, and is set to relaunch later this year with over $1bn in investor commitments, according to a report by Bloomberg citing a company spokesperson.
The firm, led by Zachary Squire and Reed Morrissey, counts multi-strategy hedge fund Engineers Gate and early supporter Michael Novogratz among its initial backers. Brevan Howard retains an economic interest in the vehicle through a revenue-sharing arrange...
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