"Brevan Howard, the long-running macro investment manager with $33 billion in assets, finished 2025 looking up at many of its macro peers and multistrategy rivals. The firm's two largest funds - Alpha Strategies and Master, each of which runs roughly $11 billion - finished 2025 with gains of 8% and 0.8%, respectively, a person close to the firm told Business Insider. The firm's smaller Emerging Markets strategy was a bright spot, returning more than 15% over the year, the person added."
"Last year was a banner year for many macro-oriented firms. Bridgewater generated the most profits in its decades of trading, a person close to the Connecticut-based fund told Business Insider, as its flagship Pure Alpha fund was up 33% in 2025. Additionally, the manager's All Weather fund was up more than 20% for the year. Discovery Capital, the macro fund run by former Tiger Management investor Rob Citrone, returned 35.6% in 2025, a person close to the manager said."
Brevan Howard, a macro investment manager with $33 billion in assets, posted gains of 8% and 0.8% in its two largest funds, Alpha Strategies and Master, in 2025. The firm's Emerging Markets strategy returned more than 15% and manages roughly $1 billion. Several macro rivals achieved stronger performance: Bridgewater's Pure Alpha rose 33% and its All Weather fund gained over 20%; Discovery Capital returned 35.6%; D.E. Shaw's Oculus gained over 28%. Macro funds traded off geopolitical turmoil including tariff policy spillovers, conflicts in the Middle East and Ukraine, and central bank decisions. The year ahead followed with further upheaval after Trump's decision to invade Venezuela and extradite the country's president, Nicolás Maduro, at the start of the year.
Read at Business Insider
Unable to calculate read time
Collection
[
|
...
]