Brevan Howard

Brevan Howard
Company typePrivate
IndustryInvestment management
Founded2002; 22 years ago (2002)
FounderAlan Howard
Headquarters
Jersey
ProductsHedge funds
AUMUS$ 35-40 billion
(as of July 2023)[1]
Websitebrevanhoward.com

Brevan Howard (officially Brevan Howard Asset Management LLP)[2] is a European hedge fund management company based in Jersey[3] with its funds domiciled in the Cayman Islands.[4] Brevan Howard was founded in 2002 by Alan Howard, alongside four other co-founders including Chris Rokos, and is widely considered to be one of the top global macro hedge funds.[5][6]

Brevan Howard has also been described as one of the largest "macro hedge funds" in the world with [7][8] assets under management (AUM) having peaked at $40 billion in October 2013[9][10] before downsizing to $18 billion in 2016 following a period of suppressed volatility as a result of central bank quantitative easing.[11] By 2020, Brevan Howard was managing around $10 billion in investor assets across its six offices globally [12] where it returned 99%,[13] the best recorded year for the firm amid the COVID-19 global pandemic. Following a resurgence in returns and fresh investor capital, as of October 2022, the fund now manages around $26 billion in assets.[14]

Brevan Howard is known to employ traders from major investment banks, portfolio managers from competing hedge funds, and advanced quantitative analysts. According to one of the company's founding partner's, "high turnover is part of the business model" and traders are "cut" if they do not perform up to the company's standards for success.[15][16] According to one investment consultant, Brevan Howard's standards for success in trading are so high that some traders who have been dismissed from Brevan Howard "have become stars at other firms."

  1. ^ "The largest managers of hedge funds (P&I Sep 2019)".
  2. ^ Teitelbaum, Richard (12 January 2012). "Brevan Howard Proves Master of Hedge Funds With Four in Top 100". Bloomberg.
  3. ^ Hu, Bie (19 September 2016). "Brevan Howard, Caxton Expand in Asia Amid Hedge Fund Woes". Bloomberg. Retrieved 18 December 2016.
  4. ^ Griffiths, Tony (6 October 2010). "The HFMWeek 50 most influential people in hedge funds". HFMWeek. Archived from the original on 9 October 2010. Retrieved 5 August 2011.
  5. ^ Cite error: The named reference Financial News April 2013 was invoked but never defined (see the help page).
  6. ^ McIntosh, Bill (July 2012). "Europe 50" (PDF). The Hedge Fund Journal.
  7. ^ Jones, Sam (16 July 2013). "Return of the blueblood macro hedge funds". Financial Times. Retrieved 20 September 2013.
  8. ^ Moodley, Kiran (1 September 2011). "How have hedge fund elite fared in the summer turmoil?". Citywire Wealth Manager.
  9. ^ Laurence Fletcher (19 March 2013). "Faith in policymakers may be 'serious error': Brevan Howard".
  10. ^ Goldstein, Matthew; Ablan Jennifer; Wachtel, Katya (10 October 2013). "Top global hedge fund Brevan Howard takes emerging markets hit". Reuters. Retrieved 18 October 2013.
  11. ^ Cite error: The named reference Fin Times 2016 was invoked but never defined (see the help page).
  12. ^ "Brevan Howard ramps up business development effort with quartet of hires". hedgeweek.com. 9 September 2020. Retrieved 16 October 2020.
  13. ^ "Brevan Howard Hedge Funds Gain Up to 99% in Best-Ever Year". www.bloomberg.com. Retrieved 1 November 2022.
  14. ^ "One of the World's Biggest Hedge Funds to Charge Fee That's Fueling Talent War". www.bloomberg.com. Retrieved 1 November 2022.
  15. ^ Teitelbaum, Richard & Cahill, Tom (31 March 2009). "Brevan Howard Shows Paranoid Survive in Hedge Fund of Time Outs". Bloomberg. Retrieved 7 October 2013.
  16. ^ Cite error: The named reference P&I 2012 was invoked but never defined (see the help page).