Brevan Burned In June

Aug 2 2013 | 10:02am ET

June was a brutal month for Brevan Howard Asset Management, with most of its major strategies losing ground.

None suffered more than its US$2.8 billion Emerging Markets Strategies Master Fund, which shed 6.5% on the month and is now down 13.3% on the year, ValueWalk reports. Another emerging markets vehicle, Emerging Markets Local Fixed Income, dropped 0.65% in June and is down 4.2% on the year.

The firm's US$28 billion flagship Master Fund dropped 2.9%, cutting its year-to-date return to 4.25%. Credit Catalysts Master fell 0.5% last month and Credit Value Master 2%. Both remain up on the year.

Not all of Brevan's funds lost ground last month; it's US$2 billion Asia Master Fund rose 2.2% and is up 7.5% on the year. And the firm's BH Commodities Strategies rose 0.65% in June, cutting its year-to-date loss to 2.3%.


In Depth

Bob Doll's Ten Market Predictions For 2016

Jan 7 2016 | 9:37pm ET

Well-known market strategist Robert Doll has published his annual list of ten predictions...

Lifestyle

Citadel's Ken Griffin Donates $40M To New York's Museum of Modern Art

Dec 22 2015 | 9:23pm ET

Citadel founder Ken Griffin has donated $40 million to New York’s Museum of Modern...

Guest Contributor

Hedge Fund Marketing - Making the Most of Your Salesperson

Jan 20 2016 | 8:11pm ET

In this contributed article, Bruce Frumerman of Frumerman & Nemeth takes a close...