Brevan Howard Sweetens Fees to Lock In Clients’ Cash for Longer

Brevan Howard Asset Management is offering discounted fees for some clients in its flagship hedge fund and lowering charges to those willing to lock in capital for longer, as the firm battles the worst start to a year in more than two decades.

The macro trading firm is reducing the 30% performance fees charged to certain clients to 20% in the $11.4 billion Brevan Howard Master Fund, according to people with knowledge of the matter.