Brevan Howard Still In Negative '12 Territory

Sep 7 2012 | 10:53am ET

Brevan Howard Asset Management continues to struggle to dig itself out of the red.

The firm's listed BH Macro fund, which invests in Brevan Howard's US$26 billion flagship hedge fund, rose 0.79% in August. That's better than the average hedge fund last month, according to industry indices, but still leaves the huge fund down 0.45% on the year, Institutional Investor reports.

BH Macro and Brevan Howard Master managed a 2.3% return in July. The fund fell 3.74% in the first half due to a dismal second quarter.

Brevan Howard Master rose 12.15% last year.

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