Louis Basger will join Brevan Howard as a portfolio manager in November, while the hedge fund he founded will be rebranded and run internally.
Mr. Basger will start Nov. 1. He was previously an employee of Brevan Howard, a news release said.
Mr. Basger was founder and CIO of Cove Capital, which was incorporated in 2018, according to an SEC filing. The Cove Capital Macro Funds will be rebranded as the BHLB Macro Funds and managed by Mr. Basger internally at Brevan Howard, the news release said.
Brevan Howard managed $11 billion as of Sept. 30.
A spokesman for Brevan Howard declined to comment.