The Brevan Howard leader will focus on his own investment activities

Alan Howard, the founder of Brevan Howard Asset Management, is stepping down from his role as CEO. According to reports, Aron Landy, the firm’s chief risk officer, will assume the CEO role.

The firm, which manages about $7.5 billion in assets, will see the management shakeup occur at the end of the year. 

“Going forward, Alan will focus on his own trading activities and will, of course, remain closely involved with the firm’s investment strategies,” the firm said in a regulatory filing. Howard had founded his own AH fund in 2017.

Alan Howard and Performance

Howard founded Brevan Howard and showed strong gains over the years. Up until 2014, it had a reputation for never losing money in a calendar year. At one point, Howard oversaw roughly $40 billion in assets.

This year, its performance has been solid. Through September, Brevan Howard Master Fund and Brevan Howard Alpha Strategies MF have gained 7.5% and 11.29%, respectively. 

Landy, the planned CEO, joined the company in 2003. He previously ran an equity fund at Millennium Global Investments 

Cryptocurrency Developments

Earlier this year, we reported that Elwood Asset Management planned to launch an institutional crypto hedge fund that could raise as much as $1 billion. Elwood manages the personal crypto assets of Howard.