Tekmerion Capital Management plans to relaunch its systematic global macro fund independently after securing commitments exceeding $1 billion, supported by notable backers including Michael Novogratz and Alan Howard, highlighting a growing trend of senior managers launching autonomous funds.
Tekmerion Capital Management will separate its macro fund from Brevan Howard Asset Management after lining up commitments in excess of $1 billion, according to Bloomberg. The move keeps support from early investors Michael Novogratz and Alan Howard and adds backing from multistrategy manager Engineers Gate, the report said.
The firm, led by co‑founders Zachary Squire and Reed Morrissey, intends to relaunch the vehicle later this year, a Tekmerion spokesperson told Bloomberg. The founders had moved the strategy onto Brevan Howard’s platform in February 2024, where it ran both Brevan Howard capital and money for Tekmerion’s own clients, Bloomberg previously reported.
Industry observers describe Tekmerion’s approach as systematic global macro, seeking to capture large market shifts through rules‑based models rather than discretionary calls. According to analysis published by Ainvest, that method aims to reduce behavioural biases and perform in volatile macro regimes, while benefiting from the institutional infrastructure provided by a larger platform.
Zachary Squire brings a background in emerging markets trading and experience at large macro shops, according to a profile by Rebellion Research. That pedigree, together with continued financial support from prominent backers, helps explain why the spin‑out is starting with substantial seed capital, market participants say.
The decision reflects a broader pattern of senior managers leaving established groups to launch autonomous funds with sizeable initial assets; Bloomberg noted comparable launches in recent years where ex‑platform managers began trading with more than $1 billion in seed commitments. Firms and investors see such structures as a way to combine boutique investment agility with the credibility and operational rigour that large seeders provide.
Tekmerion and Brevan Howard have each declined further comment beyond the statements reported by Bloomberg.
- https://www.bloomberg.com/news/articles/2026-02-02/tekmerion-spins-out-of-brevan-howard-with-1-billion-hedge-fund – Please view link – unable to able to access data
- https://www.bloomberg.com/news/articles/2026-02-02/tekmerion-spins-out-of-brevan-howard-with-1-billion-hedge-fund – Tekmerion Capital Management is spinning out its macro hedge fund from Brevan Howard Asset Management, securing commitments exceeding $1 billion. The firm, led by Zachary Squire and Reed Morrissey, plans to relaunch the fund later this year. Initial backers Michael Novogratz and Alan Howard continue to support the venture, alongside multistrategy hedge fund Engineers Gate.
- https://www.bloomberg.com/news/articles/2024-02-26/brevan-howard-adds-tekmerion-macro-hedge-fund-to-its-platform – In February 2024, Tekmerion Capital Management moved its macro hedge fund to Brevan Howard Asset Management’s platform, where it managed funds for both Brevan Howard and its own clients. Co-founders Zachary Squire and Reed Morrissey, along with partner Jay Dweck and operations director Eric Gelsinger, joined Brevan Howard as part of the deal. ([bloomberg.com](https://www.bloomberg.com/news/articles/2024-02-26/brevan-howard-adds-tekmerion-macro-hedge-fund-to-its-platform?utm_source=openai))
- https://www.ainvest.com/news/brevan-howard-1b-systematic-macro-bet-win-volatile-macro-regime-2602/ – Analysts discuss Tekmerion’s strategic positioning, highlighting its systematic macro approach to capture significant market shifts without the emotional biases of discretionary trading. The firm’s integration with Brevan Howard’s platform provides a robust infrastructure and proven track record, with over $1 billion in committed capital from backers like Michael Novogratz and Alan Howard. ([ainvest.com](https://www.ainvest.com/news/brevan-howard-1b-systematic-macro-bet-win-volatile-macro-regime-2602/?utm_source=openai))
- https://www.rebellionresearch.com/zachary-squire-managing-partner-cio-tekmerion-capital-management-2 – Zachary Squire, Chief Investment Officer and co-founder of Tekmerion Capital Management, is featured in an interview discussing the firm’s systematic global macro fund. The strategy combines traditional macro insights with systematic investment processes, trading across developed world asset classes to produce uncorrelated absolute returns. Prior to Tekmerion, Squire traded emerging markets at HBK and worked at Bridgewater Associates. ([rebellionresearch.com](https://www.rebellionresearch.com/zachary-squire-managing-partner-cio-tekmerion-capital-management-2?utm_source=openai))
- https://www.cnbc.com/2011/05/12/brevan-shutters-600-million-fund.html – In 2011, Brevan Howard Asset Management closed its $600 million Equity Strategies Fund following the departure of its manager, Fabrizio Gallo, who joined Bank of America. The closure was part of a series of personnel changes and capital returns to investors at the firm. ([cnbc.com](https://www.cnbc.com/2011/05/12/brevan-shutters-600-million-fund.html?utm_source=openai))
- https://www.bloomberg.com/news/articles/2020-04-30/tudor-s-maniyar-hedge-fund-spinout-to-start-with-over-1-billion – Dharmesh Maniyar, formerly of Tudor Investment Corp., launched his own hedge fund, Maniyar Capital Advisors, in May 2020. The macro hedge fund began trading with over $1 billion in assets, including investments from Tudor Investment Corp. ([bloomberg.com](https://www.bloomberg.com/news/articles/2020-04-30/tudor-s-maniyar-hedge-fund-spinout-to-start-with-over-1-billion?utm_source=openai))
Noah Fact Check Pro
The draft above was created using the information available at the time the story first
emerged. We’ve since applied our fact-checking process to the final narrative, based on the criteria listed
below. The results are intended to help you assess the credibility of the piece and highlight any areas that may
warrant further investigation.
Freshness check
Score:
8
Notes:
The news of Tekmerion Capital Management’s spin-out from Brevan Howard Asset Management was reported by Bloomberg on February 2, 2026. This is the earliest known publication date for this specific narrative. The article appears to be original, with no evidence of prior publication or recycling. However, the Bloomberg report does not provide specific details about the commitments exceeding $1 billion, which raises questions about the accuracy of this claim. Additionally, the article mentions support from early investors Michael Novogratz and Alan Howard, but does not specify the nature or extent of their involvement. The lack of detailed information makes it difficult to fully assess the freshness and originality of the content. Given these uncertainties, a cautious approach is warranted.
Quotes check
Score:
7
Notes:
The Bloomberg article includes direct quotes from a Tekmerion spokesperson and references to analyses by Ainvest and Rebellion Research. However, these quotes cannot be independently verified through the available sources. The absence of verifiable sources for these quotes raises concerns about their authenticity and accuracy. Without independent confirmation, the reliability of these quotes is questionable.
Source reliability
Score:
9
Notes:
The Bloomberg article is a reputable source, known for its rigorous journalism. However, the specific claims made in this article, such as the $1 billion commitments and the involvement of Michael Novogratz and Alan Howard, are not substantiated by independent sources. The lack of corroborating evidence from other reputable outlets diminishes the overall reliability of the information presented.
Plausibility check
Score:
6
Notes:
The concept of a hedge fund spin-out with substantial commitments is plausible and has occurred in the industry. However, the specific details provided in the Bloomberg article, such as the exact amount of commitments and the involvement of specific investors, lack independent verification. The absence of corroborating information from other reputable sources makes it difficult to fully assess the plausibility of the claims.
Overall assessment
Verdict (FAIL, OPEN, PASS): FAIL
Confidence (LOW, MEDIUM, HIGH): MEDIUM
Summary:
The Bloomberg article reports on Tekmerion Capital Management’s spin-out from Brevan Howard Asset Management, claiming commitments exceeding $1 billion and support from investors Michael Novogratz and Alan Howard. However, these claims lack independent verification, and the quotes included cannot be substantiated through other sources. The absence of corroborating information from other reputable outlets diminishes the overall reliability of the content. Given these concerns, the content does not meet the necessary standards for publication.