Brevan Howard Asset Management, Europe's Largest Hedge Fund Firm
|May 25th, 2009||
|Alan Howard and his firm, Brevan Howard Asset Management LLP, recently made the news when its flagship hedge fund posted a 20.4% gain for 2008, outpacing the average hedge fund losses of 19%. According to an article from Bloomberg, in February of 2008, the firm began moving into cash and short-term securities, thus avoiding the heavy losses that other funds experienced as markets around the world crashed. Brevan Howard’s Master Fund has posted gains every year since its inception in 2003. With a high-pressure work environment, the firm mainly speculates on the movement of interest rates, commodities, and currencies—making it a “global macro” firm.|
Brevan Howard Asset Management was founded in 2002 by Alan Howard, who brought his risk-averse experiences gained at Salomon Brothers and Credit Suisse to his new firm. The firm remains bearish for 2009 and continues its market-adaptive capabilities demonstrated in the past.
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