Brevan Revenue Soars To $1B

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.


In Depth

Q&A: Brevan Howard’s Charlotte Valeur Talks Strategy

Sep 18 2014 | 11:18am ET

Charlotte Valeur chairs the board of Brevan Howard Credit Catalysts, an LSE listed...

Lifestyle

Griffin Donates $1M To Rauner's Illinois Gov. Campaign

Sep 22 2014 | 9:29am ET

Hedge fund billionaire Kenneth Griffin definitely has a dog in this fight. The Citadel...

Guest Contributor

Appraisal Ratio Key To Evaluating Hedge Funds And Other New Investments

Sep 29 2014 | 3:07pm ET

As a former finance professor Peter Hecht experiences heartburn every time he hears...

 

Videos

Editor's Note

    Must Attend Hedge Fund Charity Events For October

    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…

 

Futures Magazine

September 2014 Cover

High frequency market making

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...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.