Form D · Hedge Fund

BREVAN HOWARD FUND LTD

George Town, Grand Cayman, E9 · CIK 0001223859

Offering snapshot reported Dec 4, 2025 · SEC filing

Reported sold
$11.1B
Indefinite offering
Investors reported
773
Form D · investor count
Minimum accepted
$1M
Reported outside-investor minimum
First sale
Apr 1, 2003
As reported in this filing

Fundraising history

Reported sold
Reported amount sold by Form D filing date$0$13.5B$27.1BMar 13, 2009: $13,282,205,008.00Mar 13, 2009Mar 15, 2010: $13,282,205,008.00Mar 16, 2011: $16,325,777,116.00Mar 19, 2012: $27,054,171,325.00Mar 18, 2013: $7,040,105,349.00Mar 18, 2014: $7,676,381,594.00Mar 18, 2015: $8,412,155,590.00Mar 15, 2016: $9,026,870,638.00Mar 15, 2017: $9,549,321,935.00Mar 2, 2018: $9,557,206,292.00Mar 4, 2019: $9,562,905,539.00Mar 4, 2020: $9,826,742,801.00Mar 4, 2021: $10,199,177,665.00Mar 7, 2022: $10,769,286,562.00May 25, 2023: $11,066,515,268.00Jun 13, 2024: $11,127,665,790.00Dec 5, 2024: $11,045,308,875.00Dec 4, 2025: $11,050,655,522.00Dec 4, 2025

Dates are filing dates, not cash receipt dates. Decreases are reported revisions, not evidence of withdrawals. Separate offering histories are not added together.

What changed?

Latest filing versus its linked predecessor, where available.

  • Reported sold$11,045,308,875 → $11,050,655,522
  • Reported investors761 → 773

Filing history

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FiledFiling typeReported soldChange vs linked filingInvestorsSource
Dec 4, 2025Amendment$11,050,655,522$5,346,647vs Dec 5, 2024773SEC filing
Dec 5, 2024Amendment$11,045,308,875-$82,356,915vs Jun 13, 2024761SEC filing
Jun 13, 2024Amendment$11,127,665,790$61,150,522vs May 25, 2023707SEC filing
May 25, 2023Amendment$11,066,515,268$297,228,706vs Mar 7, 2022678SEC filing
Mar 7, 2022Amendment$10,769,286,562$570,108,897vs Mar 4, 2021582SEC filing
Mar 4, 2021Amendment$10,199,177,665$372,434,864vs Mar 4, 2020477SEC filing
Mar 4, 2020Amendment$9,826,742,801$263,837,262vs Mar 4, 2019437SEC filing
Mar 4, 2019Amendment$9,562,905,539$5,699,247vs Mar 2, 2018423SEC filing
Mar 2, 2018Amendment$9,557,206,292$7,884,357vs Mar 15, 2017422SEC filing
Mar 15, 2017Amendment$9,549,321,935$522,451,297vs Mar 15, 2016419SEC filing
Mar 15, 2016Amendment$9,026,870,638$614,715,048vs Mar 18, 2015404SEC filing
Mar 18, 2015Amendment$8,412,155,590$735,773,996vs Mar 18, 2014369SEC filing
Mar 18, 2014Amendment$7,676,381,594$636,276,245vs Mar 18, 2013330SEC filing
Mar 18, 2013Amendment$7,040,105,349-$20,014,065,976vs Mar 19, 2012307SEC filing
Mar 19, 2012Amendment$27,054,171,325$10,728,394,209vs Mar 16, 20112,826SEC filing
Mar 16, 2011Amendment$16,325,777,116$3,043,572,108vs Mar 15, 20101,765SEC filing
Mar 15, 2010Amendment$13,282,205,008$0vs Mar 13, 20091,655SEC filing
Mar 13, 2009Amendment$13,282,205,008No comparisonNot reportedSEC filing
Jun 6, 2007PaperNot reportedNo comparisonNot reportedSEC filing

Offering details

Securities
Pooled investment fund
Exemptions
06b, 3C, 3C.7
Duration over one year
Yes
Business combination
No
Sales commissions
$1.57M
Finders' fees
$1.07M (estimated)
Form D file number
021-53716
The Manager will pay a monthly fee, which may vary from time to time, to the placement agents. Fees listed above represent estimated fees paid to the placement agents during the calendar year 2024.

Sales compensation recipients

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RecipientCRDAssociated broker-dealer
Brevan Howard US LLC150662
J.P. Morgan Securities LLC79
CAIS Capital LLC154512
Raymond James & Associates, Inc705
Morgan Stanley & Co. LLC8209

Source: Form D, filed Dec 4, 2025. Minimum accepted may differ from a standard advertised minimum.

Fund connections

No confirmed ADV fund connection is available for this issuer.

People & organizations

Current and past Form D appearances. These existing records do not establish a person's current role or uniquely identify them across issuers.

People and organizations reported in Form D filings
NameReported role
Karla Bodden Director
N/A Brevan Howard Capital Management Lp Executive
N/A Brevan Howard Capital Management, L.P. Executive
N/A Brevan Howard Offshore Management Limited Executive
J. Dennis Hunter Director
Dennis J. Hunter Director
Nagi Kawkabani Director
Philippe Lespinard Director
Bruce Levitt Director
Carol Reynolds Director
Jonas Rinne Director
Phil Schmitt Director
Risto Silander Director
Gunther Thumann Director
James Vernon Director

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:
Walkers Corporate Limited 190 Elgin Avenue
George Town, Grand Cayman, E9, KY1-9008