Brevan Howard misses revenue targets despite solid performance

Despite a period of double-digit returns that defied market volatility, Brevan Howard’s revenue fell last year.

According to the most recent financial statements, fee income fell 15% from £169 million to £143.7 million in the fiscal year ending March 31, 2022.

Profit before paying its 17 members dropped from £130.7m to £105.2m.  According to the papers filed with Companies House on January 9, its highest-paid member received £82 million, up from £55.8 million the previous year.

The income decline comes despite the fact that two of Brevan’s