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Brevan Howard, an $11 billion hedge fund, is betting on volatility in the world's most important market

7 days ago   |   By

REUTERS/Andrea Comas Brevan Howard, the London-based hedge fund run by billionaire Alan Howard, is launching a new fund to bet on an increase in volatility in the US Treasury market.
The fund, called the Brevan Howard CMS Curve Cap Master Fund, will be led by senior trader Rishi Shah, who has been with the firm since 2010 in Geneva and New York, according to documents seen by Business Insider.
The new fund will use what are called constant maturity swap curve caps to bet on both a steepening of the US yield curve and an increase in curve volatility.
In simple terms, the yield curve shows...
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2 protégés from billionaire Steve Cohen's investment firm are gearing up for a big hedge fund launch

2 protégés from billionaire Steve Cohen's investment firm are gearing up for a big hedge fund launch

7 days ago   |   By

AP Images A tech focused stock team from Steve Cohen's investment firm is readying for launch.
KCL Capital, founded by Chris LaSusa and Kevin Cottrell, plans to open November 1 with 11 people on staff, people familiar with the situation said.
The New York-based firm's name is a combination of the founders' initials, the people said. The firm, which has been making the rounds at hedge fund investor events, is expected to raise hundreds of millions of dollars over the coming months, though an exact target is unclear.
The people asked to go unnamed because the information is private.
KCL...
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