Brevan Star Trader’s Macro Fund Gains Nearly 10% in First Half

Brevan Howard Asset Management LLP star portfolio manager Minal Bathwal steered his multibillion dollar hedge fund to a nearly 10% gain in the first half, according to people with knowledge of the matter.

Bathwal’s $5.6 billion Brevan Howard MB Macro Master Fund rose 1.3% in June, extending its return for the first six months of 2025 to 9.8%, said the people, who asked not to be identified discussing private information. He made money every month with the exception of March, during a period of significant market volatility driven in part by US President Donald Trump’s tariff flip-flops and geopolitical strife. ...