Alan Howard bags mega returns during the virus-induced chaos of the last few months.
In a climate of struggling businesses where taking out a loan to make payroll and bailouts to the too big to fail and government furlough payment for everyone else was the new abnormal in the post-pandemic world, there were a few bucking the trend. Alan Howard, a high-rolling hedge fund manager of the Brevan Howard fund is one such entity that is self-rolling.
“Alan Howard bags mega returns during the virus-induced chaos of the last few months”
THE WEALTH TRAINING COMPANY
Alan Howard bags mega returns, profits are up about 100% so far this year at his flagship Brevan Howard fund
Howard’s performance is the best of major macro hedge funds so far this year, according to Bloomberg.
Alan Howard is co-founder of Brevan Howard Asset Management LLP, with a personal net worth of 1.35 billion USD (Forbes 2018)
Most of Alan Howard’s Brevan Howard fund gains were made in March when the pandemic great lockdowns sent financial markets into a tailspin.
Alan Howard is a global macro fund manager. His fund takes long and short positions in various equity, fixed income, currency, commodities, and futures markets. His investment decisions are based primarily on the overall economic and political views of various countries, or their macroeconomic principles.
“Howard’s performance is the best of major macro hedge funds so far this year, according to Bloomberg”
THE WEALTH TRAINING COMPANY
Put simply, Alan Howard’s fund has been calibrated to profit from higher volatility caused by black Swan events and other financial calamities, which is precisely what played out during the 2020 pandemic crisis. The billionaire investor invests his own money, as well as a “handful” of outside investors.
Alan Howard describes his company as a global alternative asset company. But, don’t expect to dig out a lot of information about the fund, as the BH fund is cloaked in secrecy, even to those who work at the firm. Alan Howard served on the New York Federal Reserve’s investor advisory committee on financial markets. He also advises New York Federal Reserve officials on economic policy.
“Returns were driven by interest rate trading across directional volatility and relative value strategies in a range of different markets” – Alan Howard
Alan Howard bags mega returns in the first quarter of 2020, but it comes after many years of mediocre results
Allan Howard has had his ebbs and flows with big reductions in the size of its assets under management from $40 billion in 2013 to less than $8 billion at the end of 2019.
Investors are now starting to reappear after yanking money from the BH fund for years.
Alan Howard bags mega returns by making risky bets, but it is not clear how the fund made triple-digit gains due to the secrecy of the fund
But the firm’s flagship fund gained 18% in March to record its best-ever month. “Returns were driven by interest rate trading across directional volatility and relative value strategies in a range of different markets” wrote the macro investor Alan Howard to investors.
With that vaguely described strategy which might as well be coded in secrecy, just as secret as the fund itself, Allan Howard bags mega returns
Could this be an instance of George Carlin – it’s a big club and you ain’t in it?