Brevan Howard Plans $750 Million Push Into Commodities Trading

Brevan Howard Asset Management is building out a team to trade commodities as the macro hedge fund group diversifies its business.

The firm has hired Elycia Sherman, former global head of trading for energy and commodities specialist Hartree Capital Management, to lead the expansion, according to people with knowledge of the matter. Her team is likely to get an allocation of about $750 million, the people said, asking not to be identified because the details are private.

Sherman and a spokeswoman for Brevan Howard declined to comment.

The hedge fund group, co-founded by billionaire Alan Howard, joins an increasing ...