Key Takeaways
- • Brevan Howard Asset Management recorded its best year since the firm began investing nearly two decades ago, according to Bloomberg.
- • The firm's U.S. Rates Opportunities Fund soared nearly 99% in 2020, making it the top performer at the billionaire Alan Howard's firm, per a person with knowledge of the matter.
- • The fund, designed to place wagers on the U.S. yield curve and managed by Rishi Shah, was shut down at the end of November 2020.
Summary
Brevan Howard Asset Management has recorded its best year since the hedge fund firm began investing nearly two decades ago, Bloomberg reported on January 7, 2021. The strongest result came from the firm's U.S. Rates Opportunities Fund, which gained nearly 99% last year, according to a person with knowledge of the matter.
The fund was created to place wagers on the U.S. yield curve and was managed by Rishi Shah. It was shut down at the end of November 2020, before the year closed, so its gains reflect performance during the period it was operating.
The firm is led by billionaire Alan Howard. The reported returns highlight a strong year for the London-based macro manager's rates-focused strategies, though the available reporting does not provide firm-wide assets or returns for other funds.
The fund was created to place wagers on the U.S. yield curve and was managed by Rishi Shah. It was shut down at the end of November 2020, before the year closed, so its gains reflect performance during the period it was operating.
The firm is led by billionaire Alan Howard. The reported returns highlight a strong year for the London-based macro manager's rates-focused strategies, though the available reporting does not provide firm-wide assets or returns for other funds.
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