Thursday, 30 June 2016
Last updated 6 hours ago
Jun 11 2012 | 1:52am ET
Brevan Howard Asset Management’s flagship hedge fund is in uncharted territory.
The firm’s BH Macro fund—a feeder for Brevan’s Master Fund—suffered its third-straight down month in May. The 1.78% loss pushed the fund into the red for the year, down 1.47%, Institutional Investor reports.
BH Macro has not had a losing year since it debuted in 2007.
Brevan Howard has $34.9 billion in assets.