Alan Howard’s Hedge Fund Soars 100% in Virus-Fueled Chaos
- Fund managed by billionaire made most of its gains in March
- It marks one of the most profitable phases of Howard’s career
Source: Alamy
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Billionaire Alan Howard has doubled his investors’ money in the coronavirus crisis.
The macro trader has returned about 100% this year in the hedge fund that he personally runs, according to people with knowledge of the matter. Most of the gain was in March when the pandemic sent the global markets into a tailspin, the people said, asking not to be identified because the information is private.