Brevan Howard Macro Fund Down 1.47% On Year

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.

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