Brevan Howard, the world’s largest macro hedge fund,has made close to $1.5bn over the past three weeks on the back of turmoil in the global markets.
In a month in which equity markets worldwide have seen declines of more than 10 per cent, the gain comes as a vindication for the $32bn London-based fund manager, which for more than a year – like many
of its peers – has struggled to make headway in volatile conditions.
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