The fund’s investment manager is BH-DG Systematic Trading, a joint venture between Brevan Howard and David Gorton, which is authorised and regulated by the Financial Services Authority in London. Gorton, the managing member and chief investment officer of BH-DG, has 26 years of global macro and relative value trading experience and was a founding partner of London Diversified Fund Management.
He established a team of systematic trading experts at LDFM, which started trading the strategy in May 2006, and formed the joint venture with Brevan Howard in 2010 as part of the reorganisation of the former London Diversified business.
The systematic strategy pursues a medium-term trend following and FX carry programme, trading across 88 different foreign exchange, interest-rate and commodity markets – using a range of signal generation, volatility estimation and dynamic risk management techniques.
Assets managed by BH-DG using systematic trading strategies totalled approximately $1.1 billion as at the start of this year. Brevan Howard, one of the world’s largest and most successful hedge fund managers, manages some $34 billion of assets and has 370 employees.
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