Brookfield Asset Management is expanding its hedge fund business into Europe, as the Canadian investment group bets on a trading strategy that has delivered stellar returns for some of the industry’s biggest names during the pandemic.
The Toronto-based firm’s Brookfield Hedge Fund Solutions Advisors is a multi-strategy unit trading areas such as equity market neutral and event-driven, a profitable corner of the industry dominated by the likes of Citadel and Millennium Management.
Until now, the low-profile business, which runs around $1bn in assets, has based all its trading teams in New York. But it is now opening an office in London for its hedge fund business and has begun hiring, according to people familiar with the matter.