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Alan Howard Weighs Offering Fund Services to Rivals

(Bloomberg) Billionaire hedge fund manager Alan Howard may go for boring. The embattled macro trader who’s grappling with losses and investors fleeing his Brevan Howard Asset Management is considering offering administrative services to other funds in a bid to revive revenue, according to people who know him. His firm may provide operational functions such as verifying trades, cash management and maintaining records, said the people, who asked to not be identified because discussions are private. Howard hasn’t made a final decision, they said. A Brevan Howard spokesman declined to comment.

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