This is how you run a focused hedge fund
At the start of last year, Brevan Howard started a hedge fund to bet on Argentina to turn around on an improving political climate and the settlement of its 2001 default.
All those things happened and in about 18 months, the fund earned 18% and now that the managers are winding it down and giving investors back their money.
"Events unfolded as we had expected. Consequently we are winding down the fund and returning capital, as we had promised, to investors," they wrote in the announcement.