Macro trader's post-Australian hedge fund odyssey continues in London
Brent Cook has travelled far. Having worked for Citadel as the London-based head of macro trading in the dark days of 2005, he went to banks (Deutsche Bank, ANZ, Macquarie) and spent five years in Australia. Cook returned to London to work for Nomura in 2021, had his head turned by the unfortunate Eisler Capital in 2022 and fled to Schonfeld in 2023. Now he's moved on again.
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Cook joined hedge fund Fulcrum Asset Management on Monday. He's understood to be a macro portfolio manager there, managing a combination of external and Fulcrum assets.
Fulcrum was founded in 2004 by another veteran of the financial crisis and beyond: Gavyn Davies the former chief economist of Goldman Sachs. It runs a combination of discretionary and quantitative strategies, coupled with "alternative solutions."
Cook isn't the only person at Fulcrum receiving money from outside investors. Bloomberg reported in December that Millennium management had given $2.3bn to Fulcrum partner Fawaz Chaudhry to manage in a separately managed account focused on a long short equity strategy.
As markets reprice inflation expectations in light of the unexpected war, experienced traders like Cook may be popular. Macro strategies can be volatile, though, so trading on a smaller platform like Fulcrum may make more sense than working for the sorts of large multistrategy funds which don't always tolerate large drawdowns.
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