Brevan Howard Closes Hedge Fund Run by Star Trader Ville Helske to Focus on Longer-Term Capital

Brevan Howard is shutting the Brevan Howard Global Volatility Fund run by star trader Ville Helske to focus on longer-term capital management. The fund, which had $379 million, was shut due to a lack of scale and frequent investor withdrawals. Helske will focus on managing other Brevan Howard funds, including BH Master Fund and BH Alpha Strategies. The move is part of the firm's efforts to lock in capital for longer to maintain stability and earn predictable fees.