The new Fund billionaire Alan Howard soars amid political uncertainty

A new Fund managed by one of Britain’s richest investors Alan Howard scored almost 36.7 PC in may amid the instability and political uncertainty.

$2.3 billion (£1.7 bn) Brevan Howard Oh Fund, named after the initials of Mr. Howard, launched last year just in Brevan Howard co-founder returned to the city.

She’s still in this year automatically gets just over 44pc, people familiar with the matter said, as the hedge Fund capitalized on the increasingly uncertain political situation and the return of higher levels of volatility.

Little is known about the Fund, including the date of its creation.

Mr. Howard said by email that he was “glad that the loyalty and confidence shown my investors were rewarded with a very positive result.”

He’s waiting for a big win, if revenues continue, with his Fund is charging management fee of 0.75 PC 30pcs performing collection.

The uncertainty of leaving the UK increased volatility

High yield follow a difficult period for Brevan Howard, as well as other macro hedge funds. Assets in Brevan Howard has dropped from its peak of $40 billion in 2013 to $ 8 billion.

“Italian politics, the politics of the Eurozone, quarter, and month, Iran, North Korea – all this adding fuel to the fire up and when do you expect the macroeconomic to do well,” said a person close to the company. “Alan Howard is doing very well, as he did during the financial crisis.”

The BH macro Fund company, which focuses on the basic hedge Fund Brevan Howard, returned this year to 9.1 PC. Bloomberg first reported on the figures.