Brevan Howard Edges Down In Nov.

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.


In Depth

An Interview With Harvest Volatility Management's Rick Selvala

Mar 23 2017 | 5:39pm ET

Several years of extremely low interest rates have pushed some investors into equities...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

SEI: Private Debt Coming Into Its Own

Mar 8 2017 | 9:24pm ET

The explosive growth of private debt over the past few years has caused the lines...

 

From the current issue of