Billionaire Alan Howard's hedge fund Brevan Howard just hired a longtime Goldman Sachs mortgage trader as a portfolio manager

<p><img src="https://static3.businessinsider.com/image/5df3f7b4fd9db27f36076959-2000/alan howard.jpg" border="0" alt="Alan Howard" data-mce-source="Ringo Chiu/ZumaPresses" data-mce-caption="Brevan Howard co-founder and billionaire Alan Howard has changed roles to focus more on trades."></p><p></p><bi-shortcode id="summary-shortcode" data-type="summary-shortcode" class="mceNonEditable" contenteditable="false">Summary List Placement</bi-shortcode><p>Brevan Howard is adding a big name in New York.</p><p>The $11 billion hedge-fund manager run by billionaire Alan Howard poached longtime Goldman Sachs mortgage trader Morad Masjedi, sources tell Insider. Masjedi will start in Brevan's New York offices in mid-May when his garden leave is over.&nbsp;</p><p>Masjedi spent 14 years at Goldman Sachs, according to his LinkedIn, including a decade as an agency mortgage portfolio manager. Before joining Goldman, his LinkedIn says he got a doctorate in physics from New York University. <img class="float_left" src="https://static6.businessinsider.com/image/60241611cca90200129b77dd-832/Screen Shot 2021-02-10 at 12.03.24 PM.png" border="0" alt="Morad Masjedi" width="351" height="263" data-mce-source="LinkedIn" data-mce-caption="Masjedi will join Brevan in mid-May"></p><p>London-based Brevan was one of the biggest winners in the volatility-filled markets of 2020, with the firm's flagship fund returning 27.4%. The firm's US Rates Opportunities fund, which bet on the US yield curve and was run by Rishi Shah, returned 99% last year before being shut down in November, Bloomberg <a href="https://www.bloomberg.com/news/articles/2021-01-07/brevan-howard-s-main-hedge-fund-gains-27-in-best-year-on-record">reported last month</a>.</p><p>Both figures far outpaced the average hedge fund last year, which returned 11.6%, according to Hedge Fund Research.&nbsp;</p><p>Brevan also added to its portfolio manager ranks at the end of last year with the rehiring of Louis Basger. Basger had launched his own hedge fund, Cove Capital, in 2016 after working at Brevan for six years.&nbsp;</p><p>He has since closed his own fund <a href="https://www.fnlondon.com/articles/so-good-they-hired-him-twice-basger-rejoins-brevan-howard-20201029">and rejoined Brevan</a>.&nbsp;</p><p>Brevan declined to comment. Goldman did not immediately respond to requests for comment.&nbsp;</p><p><strong>SEE ALSO:&nbsp;<a href="https://www.businessinsider.com/macro-hedge-funds-performance-big-winner-of-2020-so-far-2020-5" >Macro managers have been the stars of the pandemic-stricken markets. Here's a breakdown of how big names like Alan Howard, Paul Tudor Jones, and Greg Coffey are performing.</a></strong></p><p><strong>READ MORE:&nbsp;<a href="https://www.businessinsider.com/millennium-annual-letter-from-englander-performance-hires-capital-hedge-fund-2021-2" >Inside billionaire Izzy Englander's massive 2020: Millennium's blockbuster performance, hiring spurt, and fundraising drive</a></strong></p><p><a href="https://www.businessinsider.com/brevan-howard-hire-morad-masjedi-goldman-sachs-portfolio-manager-2021-2#comments">Join the conversation about this story &#187;</a></p> <p>NOW WATCH: <a href="https://www.businessinsider.com/how-symphony-seas-worlds-largest-cruise-ship-deals-with-waste-2020-3">How waste is dealt with on the world's largest cruise ship</a></p>
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