Brevan Howard Positive On Economic Outlook

Despite challenging weather that put a damper on hiring and consumer spending, as well as sliding industrial production in January, the investment team at Brevan Howard, one of the world’s largest hedge funds with over $38 billion in firm assets, is positive on the economic outlook.

“The fundamental drivers of the expansion are still in place - moderate job gains, impressive increases in household net worth as well as improved balance sheets, less fiscal drag at the federal, state and local levels, and accommodative monetary policy,” an investment letter reviewed by ValueWalk said, while also setting expectations low for forthcoming economic numbers. “Given the continued weather-related disruptions in February, it may be impossible to...