Hedge fund of the year: Brevan Howard Asset Management

Risk awards 2012

Anyone can rake in money when a bet ends up being wildly successful – it’s much harder to avoid losing money when fortunes turn. Brevan Howard Asset Management is one of very few global hedge funds to have achieved both in the last couple of years. By his own admission, co-chief executive Nagi Kawkabani saw a number of the firm’s key positions turn sour in 2010 – but its flagship BH Master Fund still ended the year slightly up. In 2011, things went much better and, as of November 30, the fund