Alan Howard

Alan Howard (born in September 1963) is the co-founder of Brevan Howard Asset Management LLP, a hedge fund with more than $26 billion under management. The group’s master fund returned 20.4 percent in 2008 and 18 percent in 2009, according to the Financial Times. According to the 2009 Sunday Times Rich List, Howard has risen to become the second wealthiest hedge fund manager. A graduate of Imperial College London, he began his financial career at Salomon Brothers.

Brevan Howard

Howard stands at the helm of Europe’s largest and arguably most successful hedge fund. With an emphasis on risk management, Howard’s business continued to perform strongly, despite the industry’s losing streak. Brevan Howard continues to make money – fee incomes more than doubled in the first four months of 2009 – and is known to have hired new talent for product launches this year.
‘An astute reading of imminent danger helped the publicity-shy City financier Alan Howard become one of Britain’s newest billionaires, as his Brevan Howard hedge fund liquidated 80% of its investments into cash at an early point in the global financial crisis.’

Geneva

Alan Howard, the third-richest hedge fund manager in the UK has relocated to Geneva. He is understood to have moved for lifestyle reasons. Howard and his family are known to have lived near the city for a number of years. Howard’s wide if French and his children are said to be fluently bilingual.
Howard’s departure is a blow to London’s standing as a hedge fund centre but Brevan Howard will keep around 250 employees in the UK. The company has embraced Geneva’s offshore regulatory status and lower taxes, two essential factors providing them a competitive advantage in managing global operations.

Quotes

“We’re a company that prefers to have a low profile. That’s just the way we are.”

Links

Brevan Howard site

Alan Howard’s traders log entry