WSJ – For more than a decade, Brevan Howard traced a smooth upward path to become one of the most powerful hedge funds in Europe. In recent months, its fortunes have waned.
Its commodities fund was closed following a run of poor performance; assets under management dropped, with billions flowing out of its flagship fund in the second half of 2014; it posted its first-ever yearly loss and two of its co-founders locked horns in a high-profile legal dispute.
