Clive Capital LLP paid its top- earning partner $33.5 million in the 12 months through February as the commodity hedge-fund firm managed by Chris Levett posted losses for clients for a second straight year.
The Lodestone Natural Resources hedge fund is being liquidated following the February arrests of two of its founders as part of an investigation into alleged insider trading, two people with knowledge of the matter said.
Alan Howard, co-founder of Brevan Howard Asset Management LLP, saw his personal fortune climb to 1.5 billion pounds ($2.3 billion) during the past year, keeping him at the top of the annual Sunday Times list of the wealthiest U.K. hedge fund managers.
When Alan Howard set off for a business trip to India as a young Salomon Brothers bond trader in the late 1980s, colleagues advised against drinking local water. When he got back, the buzz on his trading desk was about the huge tab Howard had run up buying cases of Evian water, according to a person who worked with him at the time.
Tristan Edwards, a former trader at Brevan Howard Asset Management LLP, has raised seed investment for a hedge fund in Singapore that will invest in Asian stocks based on a short-term trading strategy.
BlueCrest Capital Management LLP, the $35 billion hedge-fund firm run by former JPMorgan Chase & Co. trader Michael Platt, hired DW Investment Management LP’s Shaun Heelan to boost its securitized-debt team.