Brevan Howard Asset Management
Brevan Howard is a London-headquartered global macro hedge fund founded in 2002, managing approximately $34 billion in AUM across nine hubs for institutional investors including sovereign wealth funds and pensions, with a dedicated digital asset arm (BH Digital) and a pod-shop of 150+ portfolio managers.
- Company typePrivate
- Founded2002
- HeadquartersLondon, United Kingdom
- Headcount1,001–5,000
- GTM typeB2B
- OfferingServices
What Brevan Howard Asset Management does
Brevan Howard Asset Management is a London-headquartered global alternative investment management firm founded in 2002, operating as a privately held hedge fund structured through Brevan Howard Capital Management LP (Jersey). The firm manages approximately $34 billion in total assets under management across nine global hubs (London, New York, Geneva, Jersey, Hong Kong, Abu Dhabi, Singapore, Bengaluru and Austin), employing over 1,000 team members including 150+ portfolio managers organized in a pod-shop structure. Its core product suite spans multi-portfolio manager strategies, single-portfolio manager strategies, and thematic co-investment opportunities, all anchored in a global macro investment process built on three pillars: macro thinking, trade structuring, and risk management, supported by a proprietary bank of stress tests developed over nearly two decades.
The firm operates two principal business lines: the flagship global macro platform and BH Digital, a dedicated digital asset management division providing institutional access to cryptocurrency and blockchain investment opportunities. Technology infrastructure is positioned as a strategic differentiator, including a proprietary stress-testing framework, a 24/7 global support model across time zones, and a multi-strategy digital asset platform that leverages the broader firm's 1,000+ person team. Brevan Howard also runs an external manager allocation program (including a $200 million allocation to Catalio Capital Management and the Tekmerion Capital spin-out) and makes direct venture investments in digital asset infrastructure (Ripple, TRM Labs, Proxima Fusion, Sei Foundation).
Revenue is generated through traditional hedge fund economics: asset management fees on AUM plus performance/incentive fees on returns. Distribution is exclusively institutional, served through direct relationships managed by a dedicated investor relations team in the UK, US and UAE, with fund information accessed via a password-protected investor portal. Customer segments include sovereign wealth funds, corporate and public pension plans, foundations, and endowments, with a particularly concentrated franchise in Abu Dhabi where the firm manages approximately $10 billion (roughly one-third of AUM) and where a 2025 strategic partnership with Lunate brought a $2 billion capital commitment and a minority equity investment from the Abu Dhabi-based firm.
Brevan Howard Asset Management firmographics
Firmographics- Name
- Brevan Howard Asset Management
- Legal name
- Brevan Howard Capital Management LP
- Website
- https://brevanhoward.com
- Company type
- Private
- Founded year
- 2002
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- Brevan Howard is a London-headquartered global macro hedge fund founded in 2002, managing approximately $34 billion in AUM across nine hubs for institutional investors including sovereign wealth funds and pensions, with a dedicated digital asset arm (BH Digital) and a pod-shop of 150+ portfolio managers.
- Ownership category
- akta.pro rank
Brevan Howard Asset Management industry classification
Industry- Product category
- Hedge Fund Management
- NAICS
- Portfolio Management and Investment Advice (523940), All Other Financial Investment Activities (52399)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Cross-Asset Macro Relative Value (RV) (FSAHABAH)
- akta.pro secondary industry
- Multi-Strategy — Equity L/S + Sector Specialists (FSAHAFAD)
Keywords
Where Brevan Howard Asset Management is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices10 records
Markets served
Brevan Howard Asset Management business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Infrastructure, Marketing or Sales, Others
Revenue model
- Asset Management Fees: Traditional hedge fund fee structure consisting of management fees charged on assets under management, typically calculated as a percentage of the fund's net asset value.
- Performance Fees (Incentive Fees): Hedge funds typically charge performance/incentive fees based on returns generated for investors, representing a significant portion of revenue as evidenced by the firm's 20% revenue decline correlating with weak fund performance.
- Digital Asset Strategies: Revenue generated through BH Digital, the firm's dedicated digital asset management division offering institutional investors access to digital asset and blockchain ecosystem investment opportunities.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
Brevan Howard Asset Management product offering
Product offeringCore offering
Brevan Howard is a global alternative investment management platform that manages hedge fund strategies on behalf of institutional investors. The firm offers multi-portfolio manager strategies, single-portfolio manager strategies, and thematic co-investment opportunities, with a specialization in global macro trading across rates, currencies, and derivatives, alongside a dedicated digital asset management division (BH Digital). It generates returns through management fees on assets under management and performance/incentive fees on investment returns.
Product overview
Brevan Howard is a leading global alternative investment management platform founded in 2002, specializing in global macro and digital assets. The firm operates a platform-plus-modules architecture consisting of its core investment strategies (multi-portfolio manager, single-portfolio manager, and thematic co-investment) supplemented by BH Digital, its dedicated digital asset management division offering cryptocurrency and blockchain-related investment opportunities. The product suite addresses institutional investors including sovereign wealth funds, corporate and public pension plans, foundations and endowments.
Differentiator
Problem solved
Functional benefit
Brands
- BH Digital: Brevan Howard's dedicated digital asset management division providing institutional investors with access to investment opportunities across the digital asset and blockchain ecosystem.
Products and services
- Multi-Portfolio Manager Strategies
Quantifiable outcome
- 12.7% annualized return with Sharpe ratio of 1.7 from 2008 to 2025
- +3 more outcomes
Companies that use Brevan Howard Asset Management
Customer profileNamed customers4 records
Segments1 record
Ideal customer profiles3 records
Brevan Howard Asset Management technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Brevan Howard Asset Management partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered major and flagship.
- Catalio Capital ManagementmajorBrevan Howard allocated $200 million to Catalio Capital Management's healthcare-focused public equities fund through a separately managed account structure. Catalio has delivered a 49% net return since its 2023 launch and manages $2.3 billion in healthcare assets. The investment reflects the broader industry shift toward multi-manager allocations.
- Tekmerion CapitalmajorZachary Squire and Reed Morrissey are spinning out Tekmerion Capital from Brevan Howard with $1 billion in assets. The firm, launched in 2017, has experienced significant growth and is positioning itself as a niche macro investor with continued backing from founders Michael Novogratz and Alan Howard.
- LunateflagshipLunate and Brevan Howard announced a strategic partnership to establish an investment platform in Abu Dhabi, with an initial commitment of USD 2 billion from Lunate, and plans to launch funds leveraging Brevan Howard's strategies. The partnership aims to expand Lunate's offerings into hedge funds and diversify its investments, while supporting Abu Dhabi's financial hub growth. Lunate acquired a minority stake in Brevan Howard as part of this deal.
Scale indicators17 records
Recent moves7 records
Expansion highlights6 records
Brevan Howard Asset Management competitors and assessment
Company assessmentDirect peers
- Rokos Capital Management: Global macro hedge fund founded in 2015 by Chris Rokos, a former Brevan Howard portfolio manager. Directly comparable in investment approach (macro, multi-strategy), institutional client base, and talent pedigree.
- Capula Investment Management: London-based global macro hedge fund managing multi-strategy absolute return capital for institutional investors. Highly comparable to Brevan Howard's core macro franchise in strategy, scale, and client profile.
- Caxton Associates: Established global macro and multi-strategy hedge fund founded in 1983. Directly comparable as a discretionary macro shop serving institutional capital with a similar emphasis on convex trade structuring.
- Graham Capital Management: Multi-strategy hedge fund combining discretionary global macro and systematic trading. Comparable to Brevan Howard's blend of directional, relative value, and derivatives-based strategies for institutional clients.
- Winton Group: London-headquartered systematic global macro manager. Comparable as a macro-led alternative manager serving institutional clients, with some overlap in cross-asset and derivatives-based strategies.
Broad incumbents
- Millennium Management: Larger multi-PM hedge fund platform with hundreds of pod-style portfolio managers. Comparable architecture to Brevan Howard's pod-shop model, though significantly larger and broader in coverage (equities, fixed income, commodities).
- Bridgewater Associates: World's largest macro hedge fund, blending discretionary and systematic global macro strategies. Comparable in macro focus and institutional client base, though at meaningfully greater scale and with a stronger systematic tilt.
- Man Group: Publicly-listed, multi-strategy alternative asset manager combining discretionary and systematic approaches (AHL, FRM, GLG). Comparable breadth of hedge fund strategies and institutional focus, with similar macro and multi-PM product offerings.
- Point72 Asset Management: Multi-strategy hedge fund platform with discretionary and systematic pods. Architecturally similar to Brevan Howard's pod-shop model and increasingly overlapping in macro and digital asset themes.
- Sculptor Capital Management: Multi-strategy alternative asset manager spanning credit, equities, and macro. Comparable as an institutional multi-strategy platform with overlapping macro and multi-manager product structures.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Brevan Howard Asset Management social profiles
Digital presenceBrevan Howard Asset Management compliance and trust
Trust signalCompliance5 records
Brevan Howard Asset Management financial estimates
Financial estimateRevenue estimate
Valuation estimate
Brevan Howard Asset Management leadership team
Management profileNumber of profiles
Profiles9 records
Brevan Howard Asset Management subsidiaries and ownership
Company hierarchySubsidiaries3 records
Brevan Howard Asset Management funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Brevan Howard Asset Management M&A and investment
M&A and investmentM&A
Investments32 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Brevan Howard Asset Management
What does Brevan Howard Asset Management do?
Brevan Howard is a global alternative investment management platform that manages hedge fund strategies on behalf of institutional investors. The firm offers multi-portfolio manager strategies, single-portfolio manager strategies, and thematic co-investment opportunities, with a specialization in global macro trading across rates, currencies, and derivatives, alongside a dedicated digital asset management division (BH Digital). It generates returns through management fees on assets under management and performance/incentive fees on investment returns.
Is Brevan Howard Asset Management a public or private company?
Brevan Howard Asset Management is a private company. It is classified as management employee owned and is currently operating.
When was Brevan Howard Asset Management founded?
Brevan Howard Asset Management was founded in 2002. It employs 1,001 to 5,000 people.
Where is Brevan Howard Asset Management based?
Brevan Howard Asset Management is headquartered in London, United Kingdom, in the Europe region.
How does Brevan Howard Asset Management make money?
Three revenue lines are on record. Asset Management Fees are the primary driver. The others are performance Fees (Incentive Fees) and digital Asset Strategies.
Who are Brevan Howard Asset Management's main competitors?
Direct peers on record are Rokos Capital Management, Capula Investment Management, Caxton Associates, Graham Capital Management and Winton Group. Broad incumbents are Millennium Management, Bridgewater Associates, Man Group, Point72 Asset Management and Sculptor Capital Management.
Does Brevan Howard Asset Management have an API?
No public API is recorded for Brevan Howard Asset Management.
What industry is Brevan Howard Asset Management in?
Brevan Howard Asset Management's product category is Hedge Fund Management. Its primary akta.pro industry code is FSAHABAH, Cross-Asset Macro Relative Value (RV), with a secondary code of FSAHAFAD, Multi-Strategy — Equity L/S + Sector Specialists. Its NAICS code is 523940 and its SIC code is 6282.