Brevan Howard US Investment Management LP

Brevan Howard US Investment Management, LP (BHUSIM) provides discretionary investment management primarily to private pooled investment vehicles and a limited number of separately managed accounts, overseeing approximately $34.4 billion in regulatory assets under management. The firm acts as an investment manager to funds sponsored by Brevan Howard Capital Management LP (BHCM), with fees and service terms described in each fund’s offering documents.

BHUSIM’s investment approach emphasizes global macro and relative‑value trading, with a predominant focus on global fixed income and foreign exchange markets and the use of quantitative models to generate and execute trades. The firm routinely trades a broad set of instruments — including exchange‑traded and over‑the‑counter derivatives, futures, swaps, options, securitized products and digital assets — and applies centralized risk oversight and hedging practices managed by Brevan Howard’s risk teams.

Distinctive features include BHUSIM’s integration within the Brevan Howard group, including an affiliated capital‑acquisition broker‑dealer (Brevan Howard US LLC) and a principal affiliate (BHCM) that is registered with the CFTC as a commodity pool operator, reflecting commodity‑markets activity alongside traditional macro strategies. Operationally, the firm employs research payment accounts funded by client research charges, uses pass‑through expense allocations, and offers co‑investment programs and explicit digital‑asset and blockchain venture strategies that differentiate its structure and product set from many peers.