Profits and revenues jumped at Brevan Howard in 2019, suggesting the celebrated global macro hedge fund may be turning a corner on a period of poor performance and lean results.

Accounts filed at Companies House showed profits for the year that ended on March 31 increased to £64.1m, up by 270% from £17.3m during the 12 months before. Fee revenues increased to £140.5m, more than doubling from the previous year.