Brevan Howard Up 6% In Aug.

Aug 26 2011 | 9:54am ET

Brevan Howard Asset Management's flagship hedge fund has jumped more than 6% this month, even as many of its peers nurse huge August losses.

The London-based firm's US$25 billion Master Fund is up 6.1% this year, doubling its year-to-Aug. 19 return to almost 12%, Bloomberg News reports. Brevan Howard has employed "tactical trading" to great effect this year, it told investors in a letter to clients yesterday.

"While the rapid changes in risk appetite and existence of extreme tail risks makes longer-term investment and positioning difficult, these conditions provide very fertile trading opportunities," the firm's BH Global feeder fund wrote.

Brevan's gains on the month amount to US$1.5 billion in profits.


In Depth

MiFID2 For U.S. Firms: Key Questions Answered

Feb 27 2017 | 4:54pm ET

The January 2018 deadline for implementation of the EU’s mammoth MiFID2 regulations...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

iCapital Network: The Trump Effect On Direct Lending

Feb 23 2017 | 4:21pm ET

The arrival of the Trump Administration has raised questions among private debt...

 

From the current issue of