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

The Importance of Stability in the Evolving Hedge Fund Administration Market

Oct 5 2015 | 8:17pm ET

Hedge fund administration has evolved from simple record keeping to an integral,...


Citadel Supports Manhattan Real Estate With Record Deal

Sep 16 2015 | 3:04pm ET

Never count hedge funds out of a big property deal. The Manhattan real estate market...

Guest Contributor

Hedge Fund Marketing To Independent RIA Firms

Sep 30 2015 | 1:56pm ET

In this contributed article, Bruce Frumerman of Frumerman & Nemeth Inc. explains...


Editor's Note

Upcoming Events