Global macro and digital assets hedge fund Brevan Howard has appointed former JPMorgan senior banker Carlos Hernandez as its first-ever Executive Chair, in a strategic move aimed at bolstering corporate strategy and client development, according to a report by Business Insider.
The firm’s founder, Alan Howard will maintain his position at the hedge fund, which will continue to be led by CEO Aron Landy.
Hernandez, who retired from JPMorgan in 2023 after nearly four decades at the firm, brings a wealth of experience to his new role. During his tenure at JPMorgan, he held several prominent positions, including head of global banking and executive chair of the investment and corporate bank.
According to Landy, the firm is looking forward to benefiting from Hernandez’s expertise as it continues to enhance and expand its investment platform.
Founded in 2002, Brevan Howard manages $34bn in assets with over 1,000 employees spread across offices in Europe, Asia, and the US. The firm’s investment team includes more than 145 portfolio managers.
As of April, Brevan Howard’s Master fund, which manages nearly $11.5bn, saw a nearly 4.5% increase for the month, helping reduce its year-to-date losses to -1.5%. The firm’s largest fund, Alpha Strategies, which has $12.5bn in assets, gained 2.6% in April, bringing its year-to-date performance to a 4% gain, according to unnamed sources familiar with the matter.
