Brevan Howard Clients May Get Back $2B

Brevan Howard Asset Management may pay back almost $2 billion to investors in the firm’s biggest fund.

Brevan Howard Asset Management may pay back almost $2 billion to investors in the firm’s biggest fund, Bloomberg reports. Its clients want the fund limited to nearly $25 billion so that its performance does not suffer. The London-based hedge fund Master Fund manages $26.9 billion. The hedge fund produced investment gains of 11 percent in 2011 through August. Brevan Howard can select which clients get their money back or it may decide to return the money on a pro rata basis. The firm may not ask long-term investors to withdraw funds.

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