Alan
Howard, Brevan Howard Asset Management’s founder, has seen his hedge fund
company have a very successful year.
Assets
at the company have risen by 18 percent since the end of 2011, taking the
assets managed by the firm to a total o f$40 billion.
The
increase is due to gains made through investment, as well as input from
clients.
The
company is one of the biggest in the world, and its Master Fund is worth a
record $28 billion. The Master Fund has never had a bad year, a fact that makes
it one of the most desirable funds for investors. The fund has risen by 6
percent this year already, and since 2007 it has produced more than 5 percent annually.
In 2012, it made 14.1 percent.
The
boost to the hedge fund comes at a time when the industry has been taking
serious hits, making its achievements even more astounding. Hedge funds have,
on average, gained only 6.4 percent in 2012.
Brevan
Howard Asset Management has gained a reputation for very stringent asset
control management, with risk taking being taken with both caution and
precision. It classifies itself as a “global alternative asset manager”, taking
care of “significant institutional assets across a number of diversified
strategies.” The company has several offices across the world, in London, St Helier, Geneva, New York, Hong
Kong, Tel Aviv and Washington.
This year in
February, Forbes named Brevan Howard Asset Management as one of the top 40
highest earning hedge fund managers in the world.
The
company’s success has led to Alan Howard being named the top earning hedge fund
manager of 2013 by the Sunday Times Rich List, published in March 2013. His
wealth has been estimated at £1500 million, up £100 million dollars from 2012’s
Rich List records.
