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 Foster: the world’s most unconventional monetary policies

Brewin's Foster: the world’s most unconventional monetary policies

In this week's podcast, Guy Foster asks why the world’s biggest economies are pursuing some of the world’s most unconventional monetary policies. 

Play Charles Tan on Woodford & hidden trust income gems

Charles Tan on Woodford & hidden trust income gems

Cantor Fitzgerald investment company analyst Charles Tan discusses Woodford Patient Capital and some of the income trusts slipping under the radar.  

Play Taxicab Tenner: SGPB Hambros CIO Eric Verleyen

Taxicab Tenner: SGPB Hambros CIO Eric Verleyen

In the second episode of our new series, Verleyen jumps on board a black cab and explains how hard it's become to find good valuation on the market.  

Wealth Manager on Twitter