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

Q&A: Reg A+ Will Transform the Alternative Asset Landscape

Jul 7 2015 | 4:03pm ET

In addition to easing capital formation for small companies, Regulation A+ has enormous...

Lifestyle

Fiat Chrysler Files Paperwork For Ferrari IPO

Jul 23 2015 | 5:05pm ET

Italian sportscar maker Ferrari has taken a step closer to a stock market listing...

Guest Contributor

Lifting of Foreign Ownership Limits Signals Sea Change in Vietnam's Capital Markets

Jul 28 2015 | 3:01pm ET

The lifting of restrictions on foreign ownership limits in Vietnam later this year...

 

Editor's Note