Alan Howard Opts for Trading Over Management to Boost Returns
- Co-founder gives up chief executive role to risk officer Landy
- Howard will remain closely involved in firm he has remade
Photographer: Ringo Chiu/ZumaPresss/Alamy
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Alan Howard, whose hedge fund once managed $40 billion, is betting his time is better spent trading rather than running his firm.
Howard, 56, is relinquishing the role of chief executive officer at his Brevan Howard Asset Management, passing that position to chief risk officer Aron Landy, the Jersey-based firm said Tuesday in a U.K. regulatory filing. Howard, who specializes in macro investing, will focus on his trading.