2013 was a difficult year for traders along the yield curve, and Brevan Howard, Europe’s largest hedge fund with approximately $40 billion under management, was no exception. The Class A Brevan Howard’s Master Fund Limited ended 2013 up just 2.59%, leading Alan Howard, the fund’s portfolio manager and namesake, to term the performance “somewhat disappointing,” according to an investor letter reviewed by ValueWalk. The fund, known for its trading along the yield curve, found 2013 to be more profitable in foreign exchange and equity markets. The fund also noted that it is looking to expand its trader head count and…
Brevan Howard Adding Traders As Fund Returns Are "Disappointing"
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.