Brevan Howard is a leading global alternative investment management firm founded in 2002. With headquarters in London and offices across Europe, the US and Asia, brevan howard us investment management lp manages over $13 billion in assets. The company is best known for its global macro hedge fund strategies and expertise in fixed income, currencies, emerging markets and commodities trading. In recent years, brevan howard has made a push into the digital assets space, launching a crypto investment platform and partnering with various blockchain firms. This article will provide an overview of brevan howard us investment management lp, examining its history, investment strategies, key funds and latest initiatives in the crypto sector.
A Brief History of brevan howard us investment management lp
Brevan Howard was founded in 2002 by a team of four senior traders – Alan Howard, James Vernon, Jean-Philippe Blochet and Chris Rokos. The four had previously worked together at Credit Suisse and sought to establish their own asset management firm focused on macro trading strategies. The company got its start managing internal capital but quickly began taking on external investor money as well. In 2003, brevan howard launched its flagship Brevan Howard Master Fund, which would go on to become one of the largest and best-known global macro hedge funds in the world. The master fund saw strong performance in its early years, delivering double-digit annual returns from 2003 to 2007. Assets under management grew rapidly during this period, reaching over $30 billion by 2008. While the global financial crisis that year negatively impacted returns, brevan howard was still able to outperform many peers. The company continued expanding over the next decade, opening additional offices in Geneva, New York, Tel Aviv, Washington DC and Hong Kong. By 2018, brevan howard managed $16 billion in AUM across its various funds and trading platforms.
brevan howard us investment management lp’s Investment Strategies and Key Funds
As a global macro hedge fund, brevan howard aims to profit from macroeconomic trends and events in global markets. Its investment approach involves taking both directional and relative value positions across asset classes like currencies, fixed income, commodities and equities. Some of brevan howard’s major funds include:
– Brevan Howard Master Fund: The firm’s flagship global macro fund, launched in 2003. It trades liquid asset classes and aims to have low correlation to traditional markets.
– BH Macro Limited: A London Stock Exchange-listed closed-end fund that acts as a feeder fund into the master fund.
– Brevan Howard Multi-Strategy Master Fund: A multi-strategy fund launched in 2008 that has a broader investment mandate including credit and equity strategies.
– Brevan Howard Asia Master Fund: Launched in 2011 to focus on Asian markets with offices in Hong Kong and Singapore.
– Brevan Howard Credit Catalysts Master Fund: A credit-focused fund launched in 2017 to invest in distressed debt and structured credit.
In recent years, brevan howard has also ventured into systematic trading and machine learning strategies under its “Brevan Howard AI” unit. The adoption of new tech and quant methods has helped the firm develop novel trading signals and return sources.
brevan howard us investment management lp’s Growing Focus on Crypto Investing
As one of the largest and most established hedge funds globally, brevan howard has significant capital to deploy into new asset classes and strategies. In 2018, the firm began making select investments in the cryptocurrency and digital assets sector. Some of brevan howard’s key crypto initiatives include:
– Launching a dedicated crypto investment platform called BH Digital in 2021. The platform invests the firm’s capital into liquid cryptocurrencies like Bitcoin and Ethereum as well as tokens, futures and options.
– Taking an ownership stake in crypto custody provider Copper Technologies in 2020 alongside big investors like Morgan Stanley.
– Leading a $14 million Series A funding round for Ethereum scalability startup Polygon (previously Matic Network) in 2019.
– Becoming an LP in blockchain VC firm Paradigm’s fund to gain crypto exposure through early-stage equity investments.
As brevan howard continues to build up its capabilities in digital assets, it is poised to be a major institutional player in the crypto hedge fund and venture capital spaces going forward.
In summary, brevan howard us investment management lp is a leading macro hedge fund that has delivered strong risk-adjusted returns to investors over the past two decades. Originally known for trading liquid global markets like currencies and rates, the company has since expanded into new strategies like credit, machine learning and cryptocurrencies. With over $13 billion in assets under management and offices globally, brevan howard remains an influential force in the alternative investment industry.