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

Creating An Offshore Hedge Fund Dream Team: The Seven Key Players

Jun 26 2015 | 6:47am ET

If you want to set up an offshore hedge fund, like any great team, you’re only...

Lifestyle

Hedgies Set to Compete in Wall Street Decathlon

Jun 8 2015 | 12:37am ET

The Wall Street Decathlon — a 10-event physical challenge that will crown “Wall...

Guest Contributor

6 Essential Principles To Balance Your Investment Risk

Jun 26 2015 | 10:07am ET

In this article, financial expert Greg Silberman explores how to hedge a private...

 

Editor's Note