Brevan Howard’s flagship $12bn Master Fund returned to winning ways in September following a dip in the previous month, with a 5.12% gain, its best monthly performance so far in 2024, according to a report by Financial News.
The report cites unnamed sources familiar with the matter as highlighting that the surge propelled the fund’s year-to-date returns to 3.28%, a significant recovery from the -1.76% loss it reported at the end of August.
The performance boost wasn’t limited to the Master Fund. The firm’s $12.4bn Alpha Fund also experienced a strong month, rising 2.52% in September. As of the end of September, the Alpha Fund is up 1% for the year.
Founded in 2002 by British hedge fund billionaire Alan Howard, Brevan Howard currently manages $34bn in assets, with offices in major financial hubs including London, New York, Geneva, Singapore, and Abu Dhabi. The firm’s extensive team of 1,100 professionals includes over 150 portfolio managers.
Brevan Howard’s crypto-focused BH Digital fund, which oversees more than $2.3bn in assets and is led by CEO Gautam Sharma, has been a standout performer this year, posting a 20% gain up to the end of July. The firm also expanded its digital assets division earlier this year with the launch of BH Digital Solutions, which aims to support companies holding digital assets on their balance sheets.
