Exclusive: Brevan Howard Returns 12.12% in 2011


Brevan Howard Master fund, a $34billion hedge fund, has returned 12% for the year, versus the average long/short hedge fund, which returned 2%.

The fund was down ~0.50% for December. The best performing month, was a 6% return in August.

The master fund was the best performer. Other fund returns cited in chart below:

21st Century Investing with The Investment Integration Project’s William Burckart

Yarra Square Investing Greenhaven Road CapitalValueWalk's Raul Panganiban interviews William Burckart, The Investment Integration Project’s President and COO, and discuss his recent book that he co-authored, “21st Century Investing: Redirecting Financial Strategies to Drive System Change”. Q1 2021 hedge fund letters, conferences and more The following is a computer generated transcript and may contain some errors.

Fund 2011 performance
Brevan Howard Asia Fund Limited Class A USD 8.86%
Brevan Howard Commodities Strategies Fund Limited Class A USD -2.86%
Brevan Howard Credit Catalysts Fund Limited Class A USD 1.01%
Brevan Howard Emerging Market Strategies Fund Limited Class A USD -6.13%
Brevan Howard Fund Limited Class A USD 12.12%
Brevan Howard Multi-Strategy Fund Limited Class A USD 5.17%
Brevan Howard Systematic Trading Master Fund Limited Class B USD 1.34%
Brevan Howard Investment Fund II – Macro FX Fund Class A USD 5.16%
Brevan Howard Investment Fund – Emerging Markets Local Fixed Income Fund
Class A USD 2.98%

In the later half of the year, the Fund took large long positions in G7 interest rates, with a specific concentration in European short-term and US medium-term rates. The bet paid off as the Euro crisis intensified and volatility increased.

The fund returned $2 billion in capital to shareholders in 2011 due to concerns about fund size.

The hedge fund is taking a macro view instead of trying to “second guess” politicians for 2012.



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