Brevan Howard Said to Consider Returning $2 Billion to Clients
This article is for subscribers only.
Brevan Howard Asset Management LLP, the hedge fund run by Alan Howard, may return about $2 billion to investors in the firm’s biggest fund to avoid growing so large that its performance suffers, said four people familiar with the matter.
The London-based firm’s Master Fund now oversees $26.9 billion and clients have said they want the fund to remain at about $25 billion, said the people, who asked not to be identified because the company is private. Assets rose after the hedge fund produced investment gains of 11 percent this year through August.