Alan Howard News
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Brevan Howard Asset Management LLP co-founder Alan Howard’s personal fortune increased 44 percent over the past year to 1.4 billion pounds ($2.3 billion), putting him at the top of the annual Sunday Times list of wealthiest U.K. hedge fund managers.
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Brevan Howard Asset Management LLP, a $33 billion hedge fund, asked Royal Bank of Scotland Plc to change the London interbank offered rate five years ago, according to a trader suing the lender for wrongful dismissal.
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Brevan Howard Asset Management LLP, the hedge-fund company run by Alan Howard, said it will return capital to some investors in its biggest hedge fund after assets rose to about $27 billion.
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Alan Howard , co-founder of Brevan Howard Asset Management LLP, Europe’s biggest hedge-fund firm, has moved to Switzerland from the U.K., according to a filing.
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When Alan Howard set off for a business trip to India as a young Salomon Brothers bond trader in the late 1980s, colleagues advised against drinking local water. When he got back, the buzz on his trading desk was about the huge tab Howard had run up buying cases of Evian water, according to a person who worked with him at the time.
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Ray Dalio’s Pure Alpha hedge fund made $13.8 billion for its investors last year, while John Paulson lost clients almost $10 billion after an unsuccessful wager that the U.S. economy would recover, according to a report by LCH Investments NV.
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D.E. Shaw & Co. and Brevan Howard Asset Management LLP each will get $350 million from New York City’s police, fire and civil-employee pensions as the retirement plans expand into hedge funds.
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Brevan Howard Asset Management LLP, the $32.6 billion hedge fund co-founded by Alan Howard, predicted market volatility this year will match that of 2011 as governments in Europe and the U.S. cut spending and growth in emerging economies slows.
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Beneath a crystal chandelier at London’s Mandarin Oriental hotel, across the street from Harrods department store, more than 100 bankers, hedge fund managers and wealthy retirees are gathered on a cold March night to plot their escape from Britain. Swiss government officials and Geneva-based financial advisers have come to London to lure rich residents with glowing descriptions of the country’s low taxes, safe streets, private-banking options and convenient ski weekends.
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Brevan Howard Asset Management LLP, Europe’s biggest hedge-fund manager, paid 45 partners a total of 86.1 million pounds ($133 million) for the eight months to March 2009, the London-based Times reported, citing accounts filed last week at Companies House.
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