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

Royalties: The Alternative Assets of the Music Industry

Jul 8 2016 | 7:01pm ET

Recent market volatility has investors seeking greater insight into alternative...

Lifestyle

Vortic: Making Great American Watches Again

Jul 25 2016 | 6:29pm ET

If you are compelled by stories of entrepreneurial vision & drive, or simply...

Guest Contributor

MPI: Like Stellar Returns? Better Understand the Risks First

Jul 22 2016 | 8:44pm ET

When the press reports extraordinarily strong relative or risk-adjusted returns...