Brevan, Caxton, Tudor Take Early Aug. Losses

Aug 21 2013 | 11:10am ET

Some prominent global macro funds are finding August an oppressive month, indeed.

Funds managed by Brevan Howard Asset Management, Caxton Associates, Fortress Investment Group and Tudor Investment Corp., among others, have had difficulty maneuvering in the first days of the month. Tudor's $1.1 billion Discretionary Fund is down 1.06% through Aug. 9 and its flagship BVI Global Fund is down 0.6% during the same period, ValueWalk reports. Caxton's Global Investment Fund shed 0.99% through Aug. 9, cutting its year-to-date gains to 15.3%, and Brevan Howard's Investment Fund II Macro FX is off 0.9% through August's first week, leaving it down 4% on the year.

Fortress' losses were somewhat more modest, with its $2 billion Macro Fund down 0.54% through Aug. 9 and its Asia Fund down 0.45%. Both funds are still enjoying strong years, up 9% and 11%, respectively.

Rubicon Fund Management's Global Fund is also still up double-digits, at 14.8%, but shed 1.13% through Aug. 9. MKP Capital Management's Opportunity Offshore Fund is off 0.3% through the same date. Eclectica Asset Management is flat through Aug. 10, but is down 0.5% on the year.


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