Key Takeaways
- • Brevan Howard Asset Management LLP has closed its two largest funds to new money, according to Bloomberg News reporting by Nishant Kumar.
- • The Brevan Howard Master Fund has more than doubled since the start of 2020 to top $7 billion.
- • Brevan Howard manages a total of $16 billion in assets and remains one of the largest players in the global macro space.
- • The closures signal renewed investor demand for hedge funds after several weak years, with improved performance pulling cash back into the industry.
Summary
Brevan Howard Asset Management LLP has closed its two biggest funds to new investor capital, according to a Bloomberg News report by Nishant Kumar published the prior week. The move comes as hedge funds regain favor with investors following several difficult years, with improved performance drawing money back into the sector.
The firm's flagship Brevan Howard Master Fund has more than doubled in size since the start of 2020, now topping $7 billion. Across all strategies, Brevan Howard manages a total of $16 billion, keeping it among the largest participants in the global macro segment.
By restricting asset growth, the firm is prioritizing its capacity to generate alpha. Capacity constraints are a common tool for managers seeking to protect returns as inflows accelerate, and the decision reflects the broader inflection in investor sentiment toward the hedge fund industry as of mid-2021.
The firm's flagship Brevan Howard Master Fund has more than doubled in size since the start of 2020, now topping $7 billion. Across all strategies, Brevan Howard manages a total of $16 billion, keeping it among the largest participants in the global macro segment.
By restricting asset growth, the firm is prioritizing its capacity to generate alpha. Capacity constraints are a common tool for managers seeking to protect returns as inflows accelerate, and the decision reflects the broader inflection in investor sentiment toward the hedge fund industry as of mid-2021.
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