BH Macro is a closed-end investment company that gives public-market investors exposure to Brevan Howard’s flagship global macro hedge-fund strategies. Returns depend mainly on discretionary macro trading across rates, currencies, credit and related markets rather than on operating an industrial business. It is designed as a listed vehicle for accessing an otherwise largely institutional macro platform.
| Year | Revenue | YoY % | Earnings | YoY % |
|---|---|---|---|---|
| 2022 | 138.3 | — | 112.1 | — |
| 2023 | 160 | 15.7% | 66.5 | -40.7% |
| 2024 | 152.5 | -4.7% | 58.2 | -12.4% |
| 2025 | 277.6 | 82.1% | 151.1 | 159.6% |
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