New York (HedgeCo.net) – Geneva-based hedge fund firm Brevan Howard made news on two different fronts yesterday. On the one hand you had a story featured in a number of UK-based media outlets that centered on the firm’s profitability and payouts for 2015 and on the other hand there various articles that reported the fund’s performance for 2015.

The performance stories showed that the firm’s main fund lost 1.99% in 2015, making it the second straight year of losses for the fund after not experiencing a loss in a calendar year from its founding in 2003.
The other side of the news surrounded the company’s profits and payouts to traders. The various articles reported that the firm had paid out £120 million in salaries and bonuses in 2015. Reports have the highest bonus at £51.8 million and that is believed to have gone to Alan Howard, the co-founder.

2015 was a tumultuous year for the firm as several high-level executives and traders left the firm and the company was forced to cut its workforce. Apparently the cuts worked as company profits more than doubled from 2014 to 2015.

Rick Pendergraft
Research Analyst
HedgeCoVest