Asia Hedge Funds Avert China Turmoil With Bets on Japan, AI bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
(Bloomberg) Alan Howard is synonymous with the hedge fund he founded nearly two decades ago. His chief executive officer is on a mission to change that.Aron Landy, who replaced the billionaire at the helm of Brevan Howard just over a year ago, is shifting the famed macro investing firm away from being a founder-led hedge fund toward a broader financial-services operation, readying it to survive beyond the man whose name is above the door.“That is, in a nutshell, my goal,” Landy, 58, told Bloomberg in a rare interview. “To continue to move the firm away from the typical hedge fund which is dominated and controlled by one person.”It’s a major task in an industry built around individuals. Most have failed to address succession planning or over-reliance on an iconic figure, leaving investors worried about what happens when that person leaves, or loses their magic touch with investments. It’s a particular problem for pensions and endowments who ar
Hedge fund performance: 2020, year of the human touch ipe.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ipe.com Daily Mail and Mail on Sunday newspapers.