Key Takeaways
- • At least five credit portfolio managers have departed Brevan Howard Asset Management, according to people with knowledge of the matter, per Bloomberg.
- • The departing PMs are named as Simon Gee, Jenna Collins, Adam Steer, Chris Watson and David Heinau.
- • The exits are described as the latest sign of fallout from market turmoil affecting the firm's credit trading business.
- • Bloomberg's sources asked not to be identified because the details are private, so the departures have not been confirmed on the record.
Summary
People with knowledge of the matter identified the departing managers as Simon Gee, Jenna Collins, Adam Steer, Chris Watson and David Heinau. The sources asked not to be identified because the details are private, and the source material does not disclose the reasons for the exits, the funds or strategies the managers oversaw, or any replacement arrangements.
The departures come as volatility has hit bond markets. Because the source reporting is limited to the names and the timing, the scale of the impact on Brevan Howard's credit assets under management cannot be determined from the available reporting. Institutional allocators with exposure to Brevan Howard's credit strategies may wish to monitor further disclosures on leadership, strategy, and fund-level changes.
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