Bloomberg News

Fulcrum Asset Management Hedge Fund Makes Bevan, Fawaz Partners

February 11, 2013

Fulcrum Asset Management LLP, the $1.4 billion computer-driven hedge fund group founded by former British Broadcasting Corp. Chairman Gavyn Davies, made Andrew Bevan and Mohammed Fawaz partners.

Bevan, director of research, and Fawaz, a portfolio manager, were made partners on Jan. 1, according to Companies House records. Bevan, a former Goldman Sachs Group Inc. managing director, joined Fulcrum in 2006. Fawaz has been with the London-based hedge fund since 2005.

They join Davies, co-founder Andrew Stevens, Chief Investment Officer Suhail Shaikh, North American President Tom Dempsey, Chief Operating Officer Joe Davidson and Jeremy Bedford as partners, according to the company’s website. An official at Fulcrum declined to comment when contacted by Bloomberg News on Feb. 8, asking not to be identified in line with company policy.

Fulcrum Alpha, the company’s flagship fund, returned 1 percent net of fees in 2012, according to data compiled by Bloomberg, beating the 3.4 percent decline in the Newedge CTA Trend Sub-Index, which tracks the performance of the largest computer-driven, or quant, funds. Alpha lost 8.9 percent the previous year and has returned 31 percent since its inception in 2006, compared with a 16 percent increase in the Newedge index.

James Horrocks, the company’s former head trader, resigned on Dec. 31 for personal reasons, Stevens said last month.

To contact the reporter on this story: Matthew Brown in London at mbrown42@bloomberg.net

To contact the editor responsible for this story: Lars Paulsson at lpaulsson@bloomberg.net


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