Key Takeaways
- • Brevan Howard Asset Management has received $3 billion in new cash commitments from investors, according to people familiar with the matter (Bloomberg).
- • The inflows are expected to lift the firm's assets to about $20 billion, more than triple the level to which they had shrunk three years earlier.
- • The firm, co-founded by billionaire Alan Howard, once managed more than $40 billion before suffering persistent outflows during years of mediocre returns.
- • The commitments are presented as a sign that the macro trading firm is on track to recover its former standing.
Summary
Brevan Howard Asset Management has received $3 billion in new cash commitments from investors, a development Bloomberg describes as the latest sign that one of the world's best-known macro trading firms is regaining its lost prominence. The report, citing people familiar with the matter who asked not to be identified because the details are private, says the injection will lift the firm's assets to roughly $20 billion.
That level would represent more than a tripling from the amount to which assets had shrunk three years earlier. The firm, co-founded by billionaire Alan Howard, once ran more than $40 billion but suffered persistent outflows during a period of mediocre returns. The new commitments therefore mark a notable reversal of that multi-year contraction, though the report does not indicate the specific fund vehicles, investor base, or fee terms associated with the capital.
For allocators tracking the macro hedge fund segment, the development is a data point on whether investor appetite for discretionary macro strategies is returning after a prolonged stretch of weak performance. The source material does not provide further detail on the firm's current return record.
That level would represent more than a tripling from the amount to which assets had shrunk three years earlier. The firm, co-founded by billionaire Alan Howard, once ran more than $40 billion but suffered persistent outflows during a period of mediocre returns. The new commitments therefore mark a notable reversal of that multi-year contraction, though the report does not indicate the specific fund vehicles, investor base, or fee terms associated with the capital.
For allocators tracking the macro hedge fund segment, the development is a data point on whether investor appetite for discretionary macro strategies is returning after a prolonged stretch of weak performance. The source material does not provide further detail on the firm's current return record.
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