A top trader at a $12.6 billion hedge fund is going it alone
Brevan Howard is backing Coppel with $200 million, one of the people said.
Coppel has headed trading since 2012, according to his Bloomberg profile. He previously worked at Tudor Investment Corp. and Lehman Brothers, according to the profile.
Coppel couldn't immediately be reached for comment. The people familiar with the launch asked not to be named because the information is private.
Brevan was once one of world's largest hedge fund firms. It has been struggling over the past few years, with assets tumbling to about $12.6 billion at the end of May, a person familiar with the situation said. That's a big drop from its peak of around $40 billion in 2013.
Coppel's launch would follow others from Brevan alumni.
Earlier this year, former Brevan partner Ben Melkman launched Light Sky Macro, one of the largest launches of the year.
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- Saudi Arabia wants China to help fund its struggling $500 billion Neom megaproject. Investors may not be too excited.
- Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
- Catan adds climate change to the latest edition of the world-famous board game
- Tired of blatant misinformation in the media? This video game can help you and your family fight fake news!
- Tired of blatant misinformation in the media? This video game can help you and your family fight fake news!
- JNK India IPO allotment – How to check allotment, GMP, listing date and more
- Indian Army unveils selfie point at Hombotingla Pass ahead of 25th anniversary of Kargil Vijay Diwas
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market