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Chronically Ill Hedge Fund Shows Sign Of Life

Maybe enough to earn some money to pay the medical bills.
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Brevan Howard Asset Management is the sick man of Europe’s hedge fund industry. Once a $40 billion behemoth helmed by Britain’s wealthiest hedge fund manager, the firm has wasted away to a sickly $8 billion. Amputating the “Brevan” hasn’t helped either. It’s been managing that shrinking pile of cash for nothing for the better part of two years, and last year firm founder Alan Howard brought the emaciated hedge fund home, where at least it would be allowed to die with dignity.


Still, Howard and the hedge fund’s doctors in London weren’t ready to give up. Another round of extraordinary measures were tried, including the painful removal of its Tel Aviv office and shedding a further couple dozen employees. It was a desperate decision, a Hail Mary, but by God if it hasn’t worked.

The Brevan Howard Master Fund gained 4.45 percent this month through May 25, boosting year-to-date returns to 5.69 percent, according to a letter to investors seen by Bloomberg News. That puts the fund on track for its best month since November 2016.

Brevan Howard’s Main hedge Fund Posts Gain of 4.45% in May [Bloomberg]
Brevan Howard shuts Israel’s office in cost-cutting drive-sources [Reuters]



Alan Howard Returning To London To Bury His Hedge Fund

Brevan Howard’s founder wants it to be close to its loved ones in its final illness.

By 0ccam (Robert E Howard family headstone (Flickr)) [CC BY-SA 2.0], via Wikimedia Commons

Dying Hedge Fund Can Take Final Secrets To The Grave

Unless Reuters just happens to e-mail some Brevan Howard info to someone outside the reach of British law.


Brevan Howard Launching New Fund To Prove It’s Not Dead

It was a close call, but ‘n Howard’s gonna pull through and procreate.


Europe’s Second Largest Hedge Fund Will Work For Free

Brevan Howard is gonna try something different.


The Doomed Planet Of Brevan Howard Has Found Its Kal-El

Alan Howard is going the full Jor-El on Giles Coppel.


Maybe Howard Actually Needed All That Brevan

Alan Howard's solo career is going in a David Lee Rothian direction.