Thursday, 24 July 2014
Last updated 12 hours ago
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%.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…