Sunday, 5 July 2015
Last updated 2 days ago
Jun 20 2013 | 11:53am ET
Even Brevan Howard Asset Management is not immune to this year's swoon in emerging markets.
The US$40 billion firm, whose flagship has never suffered a losing year, certainly looks set to post one for its Emerging Market Strategies Fund this year. The US$2.7 billion vehicle is down 11.6% through Friday, including a 4.8% loss in the first half of June, Reuters reports.
Emerging-markets equities fell to an 11-month low last week.
The Emerging Markets fund is managed by Geraldine Sundstrom. The firm last week cut the head of its US$570 million currency fund due to poor performance, and is renowned for its risk controls and for its lack of patience with money-losing managers.
Sundstrom's fund has posted annualized returns in excess of 5% since its debut in 2007, and returned 14.1% last year.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…