Hedge Fund Managed by Billionaire Howard Gained 37% in May
- Fund run by the billionaire is said to gain 44% this year
- Gains mark a rebound in macro trading after lackluster years
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Alan Howard is back.
The billionaire trader posted a 37 percent gain last month in his own hedge fund that makes riskier bets, according to a person with knowledge of the matter, burnishing a trading reputation dulled in recent years by subpar performance at his Brevan Howard Asset Management. Howard’s AH Master Fund, which he started in 2017, is now up about 44 percent this year, the person said.