Key Takeaways
- • Brevan Howard operates Coremont LLP, a $50 billion platform spun off in 2018 that functions similarly to BlackRock's Aladdin software, providing infrastructure and operational services to alternative asset managers.
- • Coremont services more than $50 billion in assets for primarily alternative money managers trading equities, bonds, and other asset classes, generating revenue streams beyond traditional hedge fund fees for Brevan Howard's partners.
- • The platform model allows Brevan Howard to monetize its operational and technological capabilities across a broader client base of alternative investment managers, diversifying revenue sources for billionaire co-founder Alan Howard and other partners.
- • Coremont's architecture mirrors BlackRock's pioneering Aladdin platform approach, positioning it as a comprehensive technology and infrastructure solution for the alternative investment industry.
Summary
Brevan Howard has built a substantial alternative asset management infrastructure platform called Coremont LLP that manages over $50 billion in assets and operates on a model comparable to BlackRock's widely-recognized Aladdin software system. The platform, which was spun off from the core Brevan Howard operations in 2018, represents a strategic expansion beyond the firm's traditional hedge fund business model.
Coremont serves primarily alternative money managers and enables them to trade across multiple asset classes including equities, fixed income, and other securities. By providing integrated operational, technological, and infrastructure services to external managers, the platform generates fee revenue independent of Brevan Howard's main hedge fund management operations, creating a diversified income stream for the firm's partners, including billionaire co-founder Alan Howard.
The platform's design reflects industry trends toward specialized operational infrastructure solutions. Similar to BlackRock's Aladdin program—which integrates portfolio management, risk analytics, and operations—Coremont offers alternative managers the ability to leverage institutional-grade technology and operational frameworks without building these capabilities independently. This model allows Brevan Howard to capitalize on its operational expertise and technological infrastructure while serving a growing segment of alternative asset managers seeking to scale their operations efficiently.
Coremont serves primarily alternative money managers and enables them to trade across multiple asset classes including equities, fixed income, and other securities. By providing integrated operational, technological, and infrastructure services to external managers, the platform generates fee revenue independent of Brevan Howard's main hedge fund management operations, creating a diversified income stream for the firm's partners, including billionaire co-founder Alan Howard.
The platform's design reflects industry trends toward specialized operational infrastructure solutions. Similar to BlackRock's Aladdin program—which integrates portfolio management, risk analytics, and operations—Coremont offers alternative managers the ability to leverage institutional-grade technology and operational frameworks without building these capabilities independently. This model allows Brevan Howard to capitalize on its operational expertise and technological infrastructure while serving a growing segment of alternative asset managers seeking to scale their operations efficiently.
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