Brevan Howard Asset Management has reported a more than doubling of profits in its latest UK accounts, although the figures do not cover the latter part of 2015 – which proved difficult for global macro funds such as that run by the firm's co-founder.

The Geneva-based hedge fund manager co-founded by Alan Howard reported a profit of nearly £28 million for the 12 months to March 31, up from £13.7 million the previous financial year, according to its latest accounts filed at Companies House.