Brevan Howard is hiring macro PMs, maybe increasing investment headcount

11 May 2026

2 minute read

Hedge fund Brevan Howard's macro-focused Master Fund has had a tumultuous time. After it was reportedly up only 0.8% in 2025, it reportedly fell 6.6% in March amidst the chaos induced by war in the Middle East. It's not clear whether the Master Fund has since recovered, but there are signs that Brevan Howard as a whole is adding new macro talent.

As we reported last week, Brevan is thought to have employed Jonas Klink, the former head of EUR & GBP flow rates trading at UBS. Klink, who specialises in capital intensive sovereign supranational and agency (SSA) and covered bond trading did not respond to a request to comment. He is currently thought to be on gardening leave.

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Klink is not Brevan Howard's only new macro portfolio manager. The fund also hired Mickael Sabban in New York from Citadel Securities' ever-expanding rates team, plus Ning Guo, a former rates trader at Verition in London who spent the last three years at Citadel.

Sabban and Guo are thought to have joined Brevan Howard this month. Guo left Citadel last November.

Brevan Howard declined to comment on its new macro PMs. It's understood that the fund has 150+ investment staff. This sounds like more than the 145 portfolio managers it had last December. But it sounds like less than the 170 "risk takers" Brevan Howard had in April 2024.

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