A top trader at a $12.6 billion hedge fund is going it alone

Giles Coppel, a top trader in Brevan Howard's New York office, is prepping his own hedge fund, people familiar with the matter said.
Brevan Howard is backing Coppel with $200 million, one of the people said.
Coppel has headed trading since 2012, according to his Bloomberg profile. He previously worked at Tudor Investment Corp. and Lehman Brothers, according to the profile.
Coppel couldn't immediately be reached for comment. The people familiar with the launch asked not to be