Brevan Howard
Encyclopedia
Brevan Howard Asset Management a British
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...

-based hedge fund
Hedge fund
A hedge fund is a private pool of capital actively managed by an investment adviser. Hedge funds are only open for investment to a limited number of accredited or qualified investors who meet criteria set by regulators. These investors can be institutions, such as pension funds, university...

 manager that is the largest in Europe. The fund, co-founded by Alan Howard
Alan Howard (hedge fund manager)
Alan Howard is the co-founder of Brevan Howard Asset Management LLP, a hedge fund with more than $26 billion under management. The group's master fund returned 20.4 percent in 2008 and 18 percent in 2009, according to the Financial Times...

 and Jean-Philippe Blochet in 2002, has more than $26 billion under management
Assets under management
Assets under management is a financial term used denote the market value of funds being managed by a financial instutition on behalf of its clients, investors, depositors, etc. This metric is a sign of size and success against competition...

. Blochet left the firm in November 2009. The group's master fund returned 20.4 percent in 2008 and 18 percent in 2009, according to the Financial Times. In 2011, it was ranked number five in Institutional Investor's Hedge Fund 100 ranking.

History

In 2011, co-founder and chief operating officer James Vernon was reported to be planning to no longer work at the company.

External links

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