Brevan Howard saw mixed results from its hedge funds last year with the firm's digital currency fund surging to a 40%-plus gain while its flagship fund ended the year in negative territory, according to a report by Bloomberg.
The report cites an unnamed sources with knowledge of the matter as revealing that the while BH Digital Multi-Strategy Fund gained 44%, the firm's $13bn flagship Master Fund lost 2.1%. The firm's Alpha Strategies Fund meanwhile, which also manages $13bn, saw a gain of 2.4%.
Like other macro traders, Brevan Howard was hit by the collapse of Silicon Valley Bank in March last year with the firm's Master fund losing 4.2% over the month and Alpha Strategies falling 1.9%.
BH Digital meanwhile, is now up 12% since launching in March 2022.
Yen carry trade risks mount
Hedge funds and other leveraged investors face renewed risks from the yen carry trade as Japan moves further away from decades of…
More
Valour launches first crypto hedge fund using Neuronomics AI strategy
Valour, the digital asset investment products subsidiary of DeFi Technologies, has launched its first hedge fund as it expands beyond…
More
SocGen targets strong prime brokerage growth
Societe Generale is planning to significantly expand its prime brokerage business as part of Chief Executive Officer Slawomir Krupa's…
More
