Brevan Howard Flourishes Amid ‘Trussonomic Circus’
The year is shaping up to be one of the best ever for the master of macro mayhem.
From September 6, when Liz Truss was named U.K. prime minister, to October 20, when she announced her resignation, the FTSE 100 tumbled 4.88 percent. BH Macro, Brevan Howard Asset Management’s listed closed-end fund, gained 1.78 percent.
That tells you most of what you need to know about how the $28 billion hedge fund firm is succeeding amid the current vortex of U.K.