The search for an independent chairman has triggered speculation that one of the City’s best-known hedge funds could seek a public market listing, Sky News can reveal.
In total, the firm manages roughly $23bn in client assets, according to insiders.
Brevan Howard is among a crop of hedge funds managing billions of dollars in assets which have become significant players in global financial markets in recent decades. Founders of the most successful hedge fund managers have acquired rock star status in the financial world, earning billions of dollars for themselves, their employees and their clients.
Mr Howard has become an influential figure, partly because of Brevan Howard's success over the last two decades, but also because of his growing interest in areas such as cryptocurrencies, where he has established a separate business, Elwood Asset Management, to oversee his interests.He moved to live in Geneva before returning to London in 2017.
In 2019, he stepped down as Brevan Howard's chief executive, handing day-to-day leadership of the firm to Aron Landy.The firm has had an independent chairman for"many years" in the form of James Vernon, one of its co-founders, according to a source close to the firm.
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