WHAT YOU NEED TO KNOW ABOUT MASTER TRADERS – PART 11
“If there are people in your life who do not support your
efforts to become a successful trader, avoid them. Avoid those who express
negative energy on a regular basis, and vent their hostilities towards you.
Wherever possible, terminate unhealthy emotional relationships that cannot be
repaired, and if necessary, do it immediately.” - Joe Ross
Name: Brevan Howard
Industry: Investment management
Products: Hedge funds
Website: Brevanhoward.com
ONE OF THE LARGEST
MACRO HEDGE FUNDS
Brevan hedge fund was co-founded in 2002 by 5 experienced
traders, although some of the founders have left the firm.
The company was headquartered in Geneva in 2010. It opened
an affiliate firm in New York in July 2012, called Brevan Howard U.S.
Investment Management LP. In June 2013, the company was reported to be the
largest European hedge fund management firm based on its total assets under
management of around $40 billion.
The company manages 11 funds and it maintains so high
standards for trading success, that some traders who were dismissed from Brevan
Howard have become “stars” at other trading companies.
Brevan Howard has donated generously to Imperial College
Business School, Alan Howard Scholarships for Energy Futures, and the ARK
Bentworth Primary Academy.
What You Need to
Know:
1.
According to Wikipedia, the company received $2 billion
to manage in the global macro fund from Credit Suisse Private Bank. Under the
leadership of Brevan Howard's founding partner, assets grew to $10.5 billion in
2006. The company generated a 25% return in 2007 and returns from their global
macro fund continued to perform well during the financial crisis of 2008.
2.
Alan Howard hedge fund has had many glorious years of
nice profits, but not without losing years. In some years, the returns in terms
of percentage were small and in some years, the losses were small. In some
years, the losses were big. However, the firm has been hugely successful
overall. Such is trading.
3.
What are Brevan Howard investment strategies? According to founding partner, Nagi
Kawkabani, the firm's overall strategy is focusing on near-term opportunities
and establishing investment positions that are maintained for one to six
months. As a macro hedge fund the company wants to make gains from broad
economic trends and speculates on various assets including commodities and
currencies.
This piece is ended with the quote below:
“I suggest, though, that no matter what percentage you
choose, consider keeping it the same on all of your trades, because if you
don’t you in are, in effect, starting to handicap your trades. When I cover this point in my webinars some
of the attendees say to me, “I risked a
higher percentage of my account on Trade
A then Trade B because A looked better,” to which I respond ,” Why would you
enter a trade that looked less than perfect and didn’t meet all of your trade
selection criteria?” The reality of
trading, of course, is that we never know which of our individual trades will
work out. We only know that over a
series of trades we should win “X%” of the time based on our particular trade
selection methodology.” - Lee
Bohl (Source: Trade2win.com)
Source: www.tallinex.com
What Super Traders Don’t Want You To Know: Super Traders
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