Brevan Howard Adding Traders As Fund Returns Are "Disappointing"

2013 was a difficult year for traders along the yield curve, and Brevan Howard, Europe’s largest hedge fund with approximately $40 billion under management, was no exception.

The Class A Brevan Howard’s Master Fund Limited ended 2013 up just 2.59%, leading Alan Howard, the fund’s portfolio manager and namesake, to term the performance “somewhat disappointing,” according to an investor letter reviewed by ValueWalk. The fund, known for its trading along the yield curve, found 2013 to be more profitable in foreign exchange and equity markets. The fund also noted that it is looking to expand its trader...