Brevan Howard Hedge Fund Rebounds With Best Run Since Crisis

Brevan Howard Asset Management’s main hedge fund posted its best year since the end of the global financial crisis as the investment firm led by billionaire Alan Howard joined a number of macro managers in profiting from volatile markets.

The $2.7 billion Brevan Howard Master Fund gained 0.3 percent in December, bringing the return for the year to 12.3 percent, according to a letter to investors seen by Bloomberg News. That’s the best performance since 2009. Most of the profits came in May when the hedge fund surged almost 8 percent.