Hedge fund Brevan Howard hiked graduate pay from £90k to £150k

Hedge funds are trying to grow their own talent from seed. First, though, they must buy the seeds.

Brevan Howard, the multistrategy hedge fund, that's been grappling with poor returns, is doubling down on junior hiring. It is understood that it's increased pay for its graduate recruits from £90k to £150k.

Brevan Howard runs graduate programmes spread between London, New York and Abu Dhabi and spanning risk, trading, technology and AI, quants and venture capital. It's not clear whether the £150k pay applies to all roles.

Brevan Howard declined to comment for this article. 

As we reported last week, hedge funds are increasingly focused on cultivating their own junior talent as a means of bypassing expensive and unreliable external hires. At Citadel, for example, 66% of portfolio managers in the fixed income and macro groups are home grown. At Point72, two thirds of equity portfolio managers are. Reflecting the Zeitgeist, Millenium is launching a new investing internship for college graduates starting in 2027.

Brevan Howard's 67% pay rise seems extreme, but we undertand that it is inline with the market. 

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