Brevan Howard Set To Launch Fund In NY Amid Sagging Returns

Brevan Howard Asset Management has suffered through a bad year, to say the least. But this is not a hedge fund that backs down, despite several people leaving the firm. The London-based hedge fund has not only hired more people but is now launching new funds. Brevan Howard’s New York office, which was essentially not operational until June of last year, is launching a star-studded investment fund headed by Vinay Pande, former Chief Investment Adviser at Deutsche Bank AG (ETR:DBK) (FRA:DBK) (NYSE:DB). Brevan Howard launches hedge fund for Pande According to Bloomberg’s  Jesse Westbrook, the new program, Brevan Howard Strategic Macro Fund,…