Alan Howard Said to Create Fund Managed Only by Him

The transcript discusses the launch of the new Alan Howard fund, which combines assets managed by Alan Howard with new capital. It explores the potential impact on Howard's reputation and the opportunities it presents for other managers. The fund aims to address financial challenges faced by Brevan Howard and improve investor confidence by offering direct exposure to Howard's management style. Despite recent performance issues, Brevan Howard has a strong historical track record.

What is the primary goal of the new Alan Howard fund?

• To combine existing assets with new capital

• To merge with another financial institution

• To close down the main fund

• To focus solely on technology investments

How might the new fund benefit other managers at Brevan Howard?

• By reducing their workload

• By providing them with a larger budget

• By giving them a chance to build a track record independently

• By allowing them to work directly with Alan Howard

What opportunity does the new fund offer to investors?

• Access to a diversified portfolio

• Direct exposure to Alan Howard's investment style

• Guaranteed returns on investment

• Lower management fees

What financial challenge has Brevan Howard faced recently?

• A loss of $8 billion

• A decline in stock prices

• A decrease in employee numbers

• A merger with another company

What was Brevan Howard's track record from 2003 until the recent downturn?

• A 200% return

• A 300% return

• A 100% return

• A 50% return