Friday, 26 December 2014
Last updated 2 days ago
Aug 26 2011 | 9:54am ET
Brevan Howard Asset Management's flagship hedge fund has jumped more than 6% this month, even as many of its peers nurse huge August losses.
The London-based firm's US$25 billion Master Fund is up 6.1% this year, doubling its year-to-Aug. 19 return to almost 12%, Bloomberg News reports. Brevan Howard has employed "tactical trading" to great effect this year, it told investors in a letter to clients yesterday.
"While the rapid changes in risk appetite and existence of extreme tail risks makes longer-term investment and positioning difficult, these conditions provide very fertile trading opportunities," the firm's BH Global feeder fund wrote.
Brevan's gains on the month amount to US$1.5 billion in profits.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.