User:DanJay000/Brevan Howard

Brevan Howard is a global hedge fund management business head quartered in Jersey, founded in 2002 and is now the second largest in Europe with around $40 billion in assets under management as at September 2013. Brevan Howard employs over 60 portfolio managers, manages 11 different funds, has over 800 investors and manages the largest global macro hedge fund in the world as at July 2013 , the Brevan Howard Master Fund, which has never had a losing year-end in terms of performance, to date.

Founding
The firm was co-founded by Alan Howard and four colleagues from Credit Suisse in 2002. Brevan Howard employs over 430 people spread over offices in St. Helier, London, Geneva, New York, Hong Kong, Tel Aviv, Dublin and Washington. The firm manages 11 separate funds, including the flagship Brevan Howard Master Fund which runs a ‘global macro’ strategy with about $27bn of assets under management. A report in Financial News states that since the flagship Brevan Howard Master Fund’s launch with $870m on 1 April 2003, it has generated net gains of over $16.5bn for investors, and from launch to the end of February 2013, the $27bn fund has posted annualised gains of 12.21%, with 5.33% annualised volatility, according to investors.

Company name
‘Brevan Howard’ is the name used to refer to the group as a whole, which is often confused with ‘Brevan Howard Asset Management,’ which actually refers to the London office alone.

Strategies
Brevan Howard employs a combination of global macro and relative value trading strategies including in the fixed income,foreign exchange, emerging markets, credit and commodities markets. Brevan Howard’s global macro trading seeks to take advantage of changes in global economies and has a natural focus on monetary policy formation, macro-economic changes,policy cycles and investor responses to the disequilibrium they produce. The firm’s relative value strategies seek to identify related sets of securities and derivatives,which differently discount a given set of expectations on the dynamics of the global economy.

Brevan Howard’s business model is based on multiple risk-takers acting independently within their investment strategy mandate: “As such there is no top-down Brevan Howard view of the world,” according to Nagi Kawkabani, a founding partner at Brevan Howard.

Listed companies / feeder funds
Brevan Howard’s overall AUM includes approximately $3.5 billion in assets from its ‘listed feeder funds’. All three companies are listed on the London stock exchange and invest all of their assets in them aster funds of one or more of the hedge fund strategies listed above. As at May 2013, each of these listed companies has never had a losing year in respect of NAV performance.

Bermuda Listings
BH Macro Ltd. and and BH Global Ltd. were listed on the Bermuda Stock Exchange on 20th October 2008.

Dubai Listings
BH Macro Ltd. and BH Global Ltd. were listed on the Dubai International Financial Exchange on 11 November 2008; the companies trade in USD on the Dubai bourse.

Awards
Brevan Howard has won awards across a broad spectrum of categories since 2004, including for fund performance, fund size and corporate leadership.

Philanthropy
Through its philanthropic programme, Brevan Howard is continuing to fund educational innovation, particularly in the field of finance.

Imperial College
Brevan Howard is to donate £20.1m over eight years to Imperial College Business School in London in order to set up a research centre for financial economics. The size of the donation makes it "one of the largest pledged to a UK business school." The Brevan Howard Centre for Finance's mission will be to understand better what drives financial behaviour and thereby to help create a more robust policy underpinning. According to an Imperial College press release, “The Brevan Howard Centre for Finance will dramatically enhance the Imperial College Business School’s expertise in financial economics and strengthen ties with other disciplines including engineering and computational finance. A key objective of the new initiative will be to disseminate rigorous, world-class research to reach and engage business practitioners, policy-makers, legislators and the wider public, as well as other academic experts. The new Centre will serve as abridge between the Business School and the world of business, aiming to develop a greater understanding and more efficient management of risk, and to promote investment and productivity.”

Alan Howard Scholarships for Energy Futures
The Alan Howard Scholarships for Energy Futures allow prospective PhD students to study at Imperial College London’s department of energy. The scholarships include fees and living costs; Brevan Howard has contributed £1.5m to date to fund these scholarships.

Alan and Sabine Howard Professor of Sustainable Energy Business
This is a position at Imperial College Business School supported for five years by Alan and Sabine Howard. Professor Richard Green became the first person to hold this role in October 2011.

ARK
BrevanHoward has pledged to donate £250,000 to sponsor the ARK Bentworth PrimaryAcademy.