Alan Howard Said to Create Brevan Fund Managed Only by Him
- Fund to begin March 1, capped at $1 billion for outside money
- Brevan Howard’s assets down to $15.6 billion from $40 billion
Alan Howard Said to Create Fund Managed Only by Him
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Billionaire Alan Howard, co-founder of the $15.6 billion Brevan Howard Asset Management, is creating a new hedge fund that will be overseen solely by him, according to people with knowledge of the matter.
The Brevan Howard AH Master Fund will manage a combination of new, outside capital as well as money from Brevan Howard’s flagship fund, said the people, who asked not to be identified because the plans are private. The outside money will be capped at $1 billion, and the fund will begin trading March 1, said one of the people. A spokesman for the firm declined to comment.