Hedge Fund Brevan Howard Gets $3 Billion in New Cash Commitments

Brevan Howard Asset Management has received $3 billion in new cash commitments from investors in the latest sign that one of the world’s best-known macro trading firms is on track to regain its lost glory.

The cash injection will lift Brevan Howard’s assets to about $20 billion, more than triple the amount they had shrunk to three years ago, according to people familiar with the matter, who asked not to be identified because the details are private. The firm, co-founded by billionaire Alan Howard, once ran more than $40 billion but suffered persistent outflows during years of mediocre returns...