Firm: Brevan Howard Asset Management
2008 Age: 44
2008 Assets Under Management: $22 Billion
Alan Howard was formerly head of proprietary trading at Credit Suisse First Boston. In 2003 Howard founded his fixed-income focused hedge fund, Brevan Howard Asset Management. Howard’s success contradicts the popular idea that bank prop traders struggle going out on their own.
The fund enjoyed a successful start, making £76m in its first year. Based in London’s Mayfair, the firm employs over 100 staff placing it among the largest hedge fund operations in Europe.
Howard used his network of former trading colleagues in setting up his fund and successfully brought in interest-rate derivatives traders including Chris Rokos, Jean-Philippe Blochet, Trifon Natsis and James Vernon.