Brevan Howard FG Macro Fund Ltd
Brevan Howard FG Macro Fund Ltd is a hedge fund based in George Town, Grand Cayman, Cayman Islands. According to its most recent Form D, filed Oct 1, 2026, the fund has sold $273,405,025 of interests to 16 investors since its first sale in Sep 2020. The minimum investment it accepts from an outside investor is $5,000,000. It relies on the Section 3(c)(7) exclusion, so investors generally must be qualified purchasers. The offering uses Rule 506(b), which does not permit general solicitation. Related persons named in the filing include Brevan Howard Capital Management LP; Karla Bodden; Carol Reynolds.
Performance
No verified returns have been reported for this fund. As a rough guide, Brevan Howard Capital Management, LP, which manages it, disclosed U.S. stock holdings that returned an estimated +27.9% 2026 YTD through Jun 30 (S&P 500: +9.5%), based only on its public 13F filings. Over a longer period, Q3 2024 to Q2 2026, the estimate is +49.4% (S&P 500: +37.2%).
This estimate covers the firm's whole disclosed long U.S. stock portfolio. It is not this fund's return and excludes dividends, fees, shorts, derivatives, bonds, cash and trading within each quarter.
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- Total raised
- $273,405,025Cumulative sales reported on Form D
- Investors
- 16
- First sale
- Sep 1, 2020
- Minimum investment
- $5,000,000
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Brevan Howard Capital Management LP; Karla Bodden; Carol Reynolds
- Latest Form D
- Oct 1, 2026
From SEC filings, not verified. This page republishes the fund's Form D as filed. It is not an offer, solicitation or recommendation, and AltMountain has not reviewed the fund. “Raised” is cumulative sales, not current assets or performance. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures · Request a correction
Questions about Brevan Howard FG Macro Fund Ltd
What is the minimum investment for Brevan Howard FG Macro Fund Ltd?
According to its latest Form D, filed Oct 1, 2026, the minimum investment Brevan Howard FG Macro Fund Ltd accepts from an outside investor is $5,000,000.
Who can invest in Brevan Howard FG Macro Fund Ltd?
Brevan Howard FG Macro Fund Ltd is generally open only to qualified purchasers (generally individuals with at least $5 million in investments), because it relies on Section 3(c)(7). It uses Rule 506(b), which does not allow general advertising.
How much has Brevan Howard FG Macro Fund Ltd raised?
Brevan Howard FG Macro Fund Ltd reports $273,405,025 sold from 16 investors on its Form D filed Oct 1, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is Brevan Howard FG Macro Fund Ltd based?
Brevan Howard FG Macro Fund Ltd is based in George Town, Grand Cayman, Cayman Islands and is managed by Brevan Howard Capital Management, LP.
When did Brevan Howard FG Macro Fund Ltd launch?
Brevan Howard FG Macro Fund Ltd reports its first sale in Sep 2020.
Size compared with every hedge fund
Raised more than 66% of the 2,363 hedge funds based in Cayman Islands, and more than 74% of all 10,307 that report sales.