Brevan Howard, the leading UK Hedge Fund, performed well in the past. In 2022 Brevan Howard’s master fund made returns of close to 20%. But 2025 has clearly been a harder year.
We brought you news in July 2025 about how Brevan Howard closed its Global Volatility Fund. It was supposed to help in prioritizing long-term capital stability. The firm needed to focus on long-term growth. Many of its positions were looking at a minimum of 2 years till payout. Making capital redemptions a major source of concern at the hedge fund.
The change in investment approach isn’t the only thing that has affected Brevan Howard in the recent past. The firm has also made substantial layoffs including portfolio managers, as we reported in August 2025.
Did the strategy work though?
Brevan Howard’s Master Fund
In 2025 it appears that Brevan Howard’s master fund has not performed as expected. Some commentators say it returned 0.75% for the year. Others put this number at 0.8%. Hardly impressive.
The fund made a more respectable 5.14% in 2025, which is also less than many investors would have wanted. In the meantime, the Alpha Strategies fund returned about 8%. One of the funds to outperform the rest was the Emerging Markets fund which gave returns of above 15%.
Other macro hedge funds have performed better, the reason for the dip in performance is not reported upon. But with the changes that took place during 2025, many investors will be hoping that things return to normal sooner rather than later.
Author: Andy Samu
#BrevanHoward #HedgeFund
See Also:
How is Brevan Howard still making big returns? | Disruption Banking
Brevan Howard’s Bold Bet: Closing Fund to Lock in Capital | Disruption Banking
Brevan Howard Digital Boss Isn’t Coming Back, say Insiders | Disruption Banking
