Tuesday, 30 September 2014
Last updated 2 hours ago
Aug 25 2010 | 1:29pm ET
While much of the rest of the hedge fund industry was in freefall, Brevan Howard Capital Management was posting its best-ever year.
The firm, Europe’s largest hedge fund, took in more than US$1 billion in revenue for the first time for its fiscal year 2009—despite the fact that the period only covered the eight months ending March 31, 2009; it previously reported its accounts for years ending July 31. And that enabled the US$31.8 billion firm’s 45 partners to share in £86.1 million in profits.
Brevan Howard’s financial statements, filed at the U.K.’s Companies House five months late, show the firm earned £701.7 million during the fiscal eight months, compared to £530.9 million in the preceding fiscal year. The firm spent £605.8 million on operating expenses, including bonuses.
Brevan Howard’s flagship hedge fund returned 21% in 2008 and 19% last year.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...