Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

Brevan Howard attempts to halt co-founder fund launch plan

Brevan Howard attempts to halt co-founder fund launch plan

A founder partner of hedge fund Brevan Howard is seeking to a court order to overturn a non-compete clause preventing him from launching a rival strategy, the Financial Times has reported.

Jersey court documents reportedly seen by the FT show that Christopher Rokos, who stepped down from the $37 billion group in 2012, is challenging the terms of the five-year order.

The filing argues that Rokos’ ability as a ‘star trader’ would ‘atrophy’ if he complied with the unusually-long time frame stipulated by the contact. Non-compete clauses more typically specific 12-18 month terms, at most.

Brevan Howard argued that his attempt to launch a rival fund ‘constitutes a significant and ongoing threat to the legitimate interests of the partnership.’

The case is expected to be heard in November this year.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Brewin's Gutteridge & Foster talk property with Standard Life's Baggaley

Brewin's Gutteridge & Foster talk property with Standard Life's Baggaley

Gutteridge and Foster discuss UK commercial property with Jason Baggaley, manager of the Standard Life Property Income investment trust

Brewin's Gutteridge asks Odey's Tim Bond two tough questions

Brewin's Gutteridge asks Odey's Tim Bond two tough questions

Gutteridge puts the heat on Odey's asset allocation maestro with a couple of tough questions.

Brewin's Foster & Gutteridge: searching for the yield of dreams

Brewin's Foster & Gutteridge: searching for the yield of dreams

Guy Foster and Ben Gutteridge discuss the latest upbeat US payroll report and how it has increased the probability of a first hike in interest rates in June.

Your Business: Cover Star Club

Profile: Creechurch Capital’s CEO on going the extra mile in a crowded market

Profile: Creechurch Capital’s CEO on going the extra mile in a crowded market

Growing a business is the main aim of many company owners but managing that growth in a controlled way is just as important

Wealth Manager on Twitter