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Investors Bet on Comeback: UK’s Alan Howard Amasses $3bn

(Reuters) Investors are betting Alan Howard can reclaim his touch as a star macroeconomic trader, helping Brevan Howard Asset Management amass more than $3 billion (2.4 billion pounds) for a hedge fund he alone will control. Howard, one of Britain’s best known money managers, has raised more than $700 million from outside investors for the new “AH Fund,” three sources with knowledge of the matter told Reuters. That will be supplemented by around $400 million or $500 million from Howard personally, one of them said, and another roughly $2 billion transferred from Brevan Howard’s flagship hedge fund, according to two of the people.

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