Brevan Howard’s Biggest Fund Said to Avoid Loss on Swiss Turmoil
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Brevan Howard Asset Management’s largest hedge fund has so far avoided losses after the Swiss central bank scrapped its cap on the franc, helping the pool to rebound this year, said a person with knowledge of the matter.
The Brevan Howard Master Fund, managed by billionaire Alan Howard, was up 1.88 percent in the month through Jan. 16, compared with 1.09 percent as of Jan. 9, said the person, who asked not to be identified because the matter is private. The pool had a 0.8 percent loss last year, its first annual decline since it started trading in 2003.