Brevan Howard (Brevan Howard Asset Management LLP) is a European hedge fund management company "based in Geneva" with its funds domiciled in the Cayman islands. The company was co-founded by Alan Howard and four others in 2002. It has been described as the largest "macro hedge fund" in the world with $40 billion in assets under management (AUM) as of October 2013.
Brevan Howard was co-founded in 2002 by five "fixed-income traders from Credit Suisse": Alan Howard,[dead link] James Vernon, Jean-Philippe Blochet, Chris Rokos and Trifon Natsis. The company name was created by utilizing portions of the last names of the co-founders. Blochet took a "sabbatical" in 2008, returned and left the firm again in November 2009. Vernon left his position as chief executive officer (CEO) in 2011 but returned to the company as group chief operating officer (COO) in September 2013. Another co-founder, Rokos, retired from the company in 2012. Credit Suisse Private Bank invested $2 billion in Brevan Howard's global macro, flagship fund and the company's AUM grew to $10.5 billion by 2006. 
In 2010 the company moved its headquarters from London to Geneva. In July 2012 the firm opened an affiliate firm in New York called Brevan Howard U.S. Investment Management LP which had about $800 million in assets under management. Brevan Howard established Brevan Howard Capital Management LP on the island of Jersey.[when?] As of 2012[update] its assets under management (AUM) were second among the European hedge fund management firms. An April 2013 article in the Financial News described the firm as "the biggest and best-performing [hedge fund management] firm in Europe".
Investment products and strategies
As a macro hedge fund the company aspires to profit as a result of "broad economic trends" and trades many types of assets including commodities and currencies.According to founding partner, Nagi Kawkabani, the firm's overall strategy is focusing on "near-term opportunities" and establishing investment positions that are maintained for one to six months. The firm manages 11 funds  including the Brevan Howard Master Fund (2003), Brevan Howard Multi-Strategy Master Fund Limited (2008), Brevan Howard Emerging Markets Strategies Master Fund Limited (2007), Brevan Howard Credit Catalysts Master Fund Limited (2009), the Brevan Howard Asia Master Fund Limited (2004) and the Brevan Howard Emerging Markets Local Fixed Income Fund. According to a company press release it also manages two closed-ended feeder funds, BH Global Limited and BH Macro Limited.
Its flagship fund, the Brevan Howard Master Fund Ltd., had a $28 billion AUM as of October 2013. The fund had a 6% loss in 2011 and a 14% gain in 2012. As of 2013, the fund had averaged a 12 percent annual gain since its inception in 2003. In 2012 the fund was capped at $25 billion AUM and closed to new investors. In 2013, the fund was reported to be the 11th most popular hedge fund amongst institutional investors in the U.S.
Brevan Howard describes itself as a "global alternative asset manager" and maintains offices in London, Geneva, St. Helier, Hong Kong, Tel Aviv, Washington and New York. The company employs more than 430 people worldwide with 28 employees in its New York office and more than 40 employees at its offices located on the island of Jersey. Eighty of its employees are traders that receive commissions equal to "11% to 17% of gains." This segment of the employee base includes 15 traders in the Ramat Gan, Israel office with 38 traders being added to the "global team" of employees in 2012. According to one of the company's founding partner's, "high turnover is part of the business model" and traders are "cut" if they do no perform up to the company's standards for success. According to one investment consultant, "It's a very mercenary [corporate] culture.”  Brevan Howard's standards for success in trading are so high that some traders who have been dismissed from Brevan Howard "have become stars at other firms." Fund manager, Geraldine Sundstrom, joined the company in 2007 and oversees the Brevan Howard Master Fund.
Brevan Howard has made a variety of philanthropic contributions to the Imperial College Business School (ICBS). The company donated £20.1m over eight years to fund a financial economics research centre. As of 2013 the firm had donated £1.5m to ICBS's, Alan Howard Scholarships for Energy Futures. In 2012, BrevanHoward pledged a £250,000 donation to the ARK Bentworth PrimaryAcademy.
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- Callahan, Neil and Westbrook, Jesse (Oct 12, 2012). "http://www.bloomberg.com/news/2012-10-12/brevan-howard-said-to-consider-leasing-new-london-office-space.html". Bloomberg News. Retrieved September 27, 2013.
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- Unknown author (Unknown date). "Brevan Howard". Brevan Howard. Retrieved September 27, 2013.
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- Eytan Avriel (February 22, 2010). "The way the big boys bet". Haaretz.
- Bradshaw, Della (March 11, 2013). "Brevan Howard gives £20.1m to Imperial College". Financial Times.
- "Headmaster as Chair of the Local Governing Body of ARK Bentworth Primary Academy". cityoflondon.gov.uk website. 19 June 2012.
- "Managing Risk and Money the Brevan Howard Way," The Hedge Fund Journal, August 2009
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- Alan Howard, Dow Jones Financial News (subscription required)