Brevan Howard Doing Well Amid Current Financial Uncertainty

March 26, 2020 James Heinsman Company Spotlight

New Jersey-based Brevan Howard Asset Management is riding the storm of the coronavirus outbreak in excellent shape, predicting that March could be its best month since it was founded in 2003.

The firm’s flagship macro hedge fund, Brevan Howard Master Fund, saw a rise of 17% during the first three weeks of March, adding up to a yearly gain, so far, of 21.6%. Previously the company’s best month was in January 2008, during a different financial crisis, caused by the collapse of the housing market. During that month the company returned just short of 10%.

The recent success of the fund marks an about-face for the fund which has been struggling with shrinkage from a peak of close to $28 billion in 2013 to $3.3 billion today.

The fund is among macro hedge funds that focus on developed markets that are seeing good returns lately after years of blah performance. Gains this year are from investments on fixed-income markets, the climbing dollar, and gold. Shorting stocks during the pandemic has also helped enlarge these funds. The overall gain for these types of funds has been about 1.2% during the first two months of 2020.

Brevan Howard, macro hedge fund,

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