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$33 billion Brevan Howard's two biggest funds lagged macro peers last year. Here are the returns.

Summary by Business Insider
Brevan Howard is now run by CEO Aron Landry, who succeeded the firm's billionaire founder, Alan Howard.Brevan HowardBrevan Howard returned 8% and 0.8% in its two largest funds for 2025, a person close to the firm said.The manager lagged behind its macro rivals, including Bridgewater and Discovery, which had banner years.The firm's smaller Emerging Markets strategy returned more than 15% however.Brevan Howard, the long-running macro investment ma…

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Business Insider broke the news in United States on Wednesday, January 7, 2026.
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