, based in England, is Europe's largest hedge fund
with nearly $27 billion AUM. During the financial crisis, Brevan Howard's master fund returned almost 20%. In 2008, the fund returned 20.32% . In 2009, the return was 18.04%. Unfortunately, in 2010 the fund's 11-month return was only 1.40%.
Using the monthly percentage change
in BH Macro Limited's (BHMU) NAV, Insider Monkey calculated Brevan Howard's monthly returns
. BH Macro Limited is a closed-end feeder fund investing in Brevan Howard.
||Brevan Howard's Return
Brevan Howard's 13F filing shows investments in gold
through Market Vectors Gold Miners ETF (GDX), Barrick Gold (ABX), SPDR Gold Trust (GLD), and Newmont Mining (NEM). Brevan Howard's other large holdings
are Oracle (ORCL), Intel Corp (INTC), Microsoft (MSFT), Citigroup (C), and Mead Johnson Nutrition (MJN). David Einhorn and Curtis Schenker
have long positions in Gold Miners ETF. Daniel Loeb's portfolio
has MJN, and Lee Ainslie's Maverick Capital