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Brevan Howard Hedge Funds Gain Up to 99% in Best-Ever Year

  • Brevan Howard’s main fund was up 27%, the most since 2003
  • Returns mainly came in March when the pandemic roiled markets
The building housing the offices of Brevan Howard Asset Management LP, in London.

The building housing the offices of Brevan Howard Asset Management LP, in London.

Photographer: Chris Ratcliffe/Bloomberg

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Brevan Howard Asset Management has recorded its best year since the hedge fund firm began investing nearly two decades ago.

The top performer at billionaire Alan Howard’s firm last year was the U.S. Rates Opportunities Fund, which soared nearly 99%, according to a person with knowledge of the matter. The fund, created to place wagers on the U.S. yield curve and managed by Rishi Shah, was shut down at the end of November.