Brevan Howard Main Hedge Fund Gains 8% After Inflows Return
- Master fund received first net inflows in five years in May
- Billionaire co-founder Howard overhauled hedge fund business
This article is for subscribers only.
Brevan Howard Asset Management’s flagship hedge fund returned 8.4% last year, building on its 2018 gain and helping to pause a bleeding of assets.
The $2.7 billion Brevan Howard Master Fund posted a 1.5% return in December, according to a letter to investors seen by Bloomberg. After racking up a 12.4% gain in 2018, its best since the end of the global financial crisis, the fund saw its first net inflows in five years in May and more in later months.