Brevan Howard US Investment Management (BHUSIM) offers investment management services on a discretionary basis, primarily for private pooled investment vehicles and separately managed accounts. BHUSIM focuses on global fixed income and foreign exchange markets, trading a variety of instruments including derivatives, interest rates, currencies, equities, commodities, debt securities, and digital assets. Investment strategies are tailored to client objectives, with restrictions agreed upon individually.
Fee Structure
Brevan Howard US Investment Management (BHUSIM) is compensated by Brevan Howard Capital Management (BHCM) out of the fees BHCM receives for managing each client fund. These fees cover BHUSIM's operating costs and potential profits. Clients typically pay monthly management fees and performance fees based on the fund's net asset value. Management fees are a percentage of the net asset value, while performance fees are a percentage of positive returns. Some funds may also have an operational services fee. Investors may face lock-in periods and early redemption penalties. If a client fund invests in another Brevan Howard fund, fee adjustments are made to avoid double-layering of fees. Separately managed accounts pay a negotiated management fee plus an incentive fee based on performance.