Hedge fund Brevan Howard's London office saw its revenues and profits decline in the 2015-2016 financial year, at a time when many hedge funds have taken a hit to their bottom lines.

Brevan Howard Asset Management LLP saw its revenues fall from £156.6 million to £116 million in the year ended March 31 2016, according to accounts recently filed at Companies House. The firm also saw its profits available to be distributed among the firm's 33 members fall from £48.5 million to £30.5 million over the same period.