Brevan Howard fund sees $2 billion asset plunge

The drop between November and February comes despite an increasingly favourable climate for global macro hedge funds

Alan Howard, co-founder and partner of Brevan Howard
Alan Howard, co-founder and partner of Brevan Howard Photo: Corbis

Brevan Howard's main fund has suffered a $2 billion fall in assets in a matter of months despite an improvement in the investment climate for global macro hedge funds.

Once the largest hedge fund in Europe, the Brevan Howard Master Fund had assets of $18 billion in February, the latest date for which data is available, according to industry data reviewed by Financial News.

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