Tuesday, 29 July 2014
Last updated 15 hours 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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…