Billionaire Howard to Return Cash From Secretive Hedge Fund
- Howard to continue managing money for two of the firm’s funds
- Brevan Howard is winning back clients after a drop in assets
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Billionaire Alan Howard is returning money to investors from the secretive hedge fund that he personally runs.
He’s redeeming clients in the Brevan Howard AH Master Fund that he started four years ago to make bigger and riskier bets, according to people with knowledge of the matter. Howard will continue to manage capital for the firm’s two other money pools, the people said, asking not to be identified because the details are private. It’s not immediately clear if Howard is shutting the fund altogether.