Thursday, 8 October 2015
Last updated 3 hours ago
Dec 27 2010 | 2:18am ET
November was a mixed month for the hedge fund industry, with some indices showing slight increases and others equally slight declines. For Brevan Howard Asset Management, last month brought the latter.
London-based Brevan, Europe's largest hedge fund manager until the consummation of the Man Group-GLG Partners merger earlier this year, saw its flagship drop 0.3% in November, The New York Times reports. The firm blamed the drop on "losses in interest rate trading, mainly in directional strategies."
The US$32 billion firm's BH Macro Limited Fund, a listed vehicle that invests in its flagship Master Fund, is up 1.43% this year.
Oct 7 2015 | 4:57am ET
Charity A Leg To Stand On (ALTSO) will hold its 12th Annual Hedge Fund Rocktoberfest – NYC on October 15 and its 4th Annual Rocktoberfest - Chicago on October 22. Read more…