{"id":328457,"date":"2010-02-16T16:35:49","date_gmt":"2010-02-16T21:35:49","guid":{"rendered":"http:\/\/www.businessinsider.com\/brevan-howard-drops-goldman-and-banco-bradesco-picks-up-gold-2010-2"},"modified":"2010-02-16T16:35:49","modified_gmt":"2010-02-16T21:35:49","slug":"hedge-fund-brevan-howard-drops-goldman-picks-up-substantial-gold-stake-bbd-gld","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/328457","title":{"rendered":"Hedge Fund Brevan Howard Drops Goldman, Picks Up Substantial Gold Stake (BBD, GLD)"},"content":{"rendered":"<p><img decoding=\"async\" class=\"float_right\" src=\"http:\/\/static.businessinsider.com\/image\/4b7413e00000000000c581ad\/goldman-building.jpg\" border=\"0\" alt=\"goldman-building\" \/><\/p>\n<p>Brevan Howard&#8217;s 13F filing with the SEC shows that they dumped a $34 million investment in Banco Bradesco, one of Brazil&#8217;s four big banks last quarter.<\/p>\n<p>Alan Howard&#8217;s hedge fund also dropped its holding in Goldman, though it wasn&#8217;t that big to begin with: $1.15 million.<\/p>\n<p>Other big changes last quarter include Brevan Howard&#8217;s taking up a big stake in gold, through both SPDR gold Trust ($43 million) and Select Sector SPDR ($110 million).<\/p>\n<p style=\"text-align: left;\">The hedge fund also picked up $112,000 of Bare Escentuals, a makeup company recently purchased by Shiseido, and $9 million of Occidental, an oil company that just announced <a href=\"http:\/\/www.businessinsider.com\/andy-hall-launches-astenbeck-capital-management-with-occidental-2010-2\">a hedge fund partnership with Andy Hall.<\/a><\/p>\n<p>The stakes they increased were in Bank of America, an investment they upped from $1.6 million to nearly $30 million, and Citi, a stake they increased from $2.5 million to $10 million.<\/p>\n<p>Read Brevan Howards complete holdings in <a href=\"http:\/\/sec.gov\/Archives\/edgar\/data\/1415453\/000090514810000443\/efc10-136_fm13fhr.txt\">their 2009 4th quarter 13F filing.<\/a><\/p>\n<p><a href=\"http:\/\/www.businessinsider.com\/brevan-howard-drops-goldman-and-banco-bradesco-picks-up-gold-2010-2#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><b>See Also:<\/b><\/p>\n<ul>\n<li><a href=\"http:\/\/www.businessinsider.com\/brevan-howard-raises-minimum-investment-1000-2009-12\">Hedge Fund Brevan Howard Raises Minimum Investment 1000%<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/andy-hall-launches-astenbeck-capital-management-with-occidental-2010-2\">Phibro&#8217;s Star Trader Andy Hall Launches $1.4 Billion Fund Astenbeck Capital<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/third-avenue-dumps-all-of-its-cit-stock-picks-up-keycorp-2010-2\">Third Avenue Dumps All Of Its CIT Stock, Picks Up KeyCorp<\/a><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/szQ8EAEMbRs\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Brevan Howard&#8217;s 13F filing with the SEC shows that they dumped a $34 million investment in Banco Bradesco, one of Brazil&#8217;s four big banks last quarter. Alan Howard&#8217;s hedge fund also dropped its holding in Goldman, though it wasn&#8217;t that big to begin with: $1.15 million. Other big changes last quarter include Brevan Howard&#8217;s taking [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-328457","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/328457","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=328457"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/328457\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=328457"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=328457"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=328457"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}