UK hedge fund group Brevan Howard Asset Management said today it has launched a new joint venture to pursue systematic trading strategies, joining other large UK hedge funds such as Man Group PLC whose products include strategies that use computer models to spot market trends.

DG Systematic Trading LLP is a joint venture with David Gorton, who is founding partner of London Diversified Fund Management and has been running capital using such systematic models since 2006. Gorton will be chief investment officer of the new venture, which will manage the new Brevan Howard Systematic Trading Fund.