Ex Brevan Howard Money Manager to Start $400 Million Hedge Fund
- Deem Global Macro Fund is expected to start with $400 million
- Asfandyar Nadeem had worked at Brevan Howard for five years
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Asfandyar Nadeem, a former money manager at Brevan Howard Asset Management, is preparing to start his own macro hedge fund as the trading strategy racks up gains in volatile markets.
His London-based firm plans to launch Deem Global Macro Fund in the first quarter, according to people with knowledge of the matter. The fund is expected to start with about $400 million in initial capital, the people said, asking not to be identified because the details are private.