Brevan Howard hires Goldman Sachs VP as emerging-markets macro portfolio manager

Brevan Howard has recently hired Carlos Licon, a vice president from Goldman Sachs, as a portfolio manager for their emerging-markets macro trading portfolio. According to eFinancial Careers, Licon has spent nearly six years at Goldman Sachs, where his career has included roles in both Mexico City and New York. In his new position at Brevan Howard, Licon will be overseeing emerging-markets macro trading, a role that will allow him to utilize his specialized expertise in this area.

The hedge fund's decision to hire Licon underscores the ongoing trend of experienced bank trading talent moving into the hedge fund sector, particularly those with a focus on emerging markets. Licon described his time at Goldman Sachs as an "amazing journey" that provided him with extensive learning opportunities and the chance to build relationships across the firm.

His departure from Goldman comes as he was on the verge of being considered for promotion to managing director. Brevan Howard has been expanding its strategy mix since 2018, moving beyond its traditional macro roots while continuing to invest in its emerging-markets capabilities. The firm's London-based partner, Claire McCathie, oversees the emerging-markets fund and has been strengthening the team by adding additional specialists.

Over the years, the group has also brought in Latin American-focused talent, including economist Arturo Charleston and Juan Pablo Solorzano Margain, who was previously head of Latin American research at Schonfeld.