Brevan Howard Paid 128.3 Million Pounds to Partners
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Brevan Howard Asset Management LLP, the hedge fund founded by Alan Howard, paid its partners as much as 128.3 million pounds ($201.3 million) in the 12 months ending in March, a 79 percent drop from a year earlier as fees plunged.
Fees fell to 236.8 million pounds from 736.3 million pounds, according to a Brevan Howard filing posted today at the U.K.’s Companies House. The London-based company’s biggest hedge fund, the Brevan Howard Master Fund, had an investment gain of 1 percent in 2010, down from a 19 percent return in 2009, according to investors. Brevan Howard generates fees based on fund performance and assets under management.