Brevan Emerging Markets Fund Down 12%

Oct 14 2013 | 11:30am ET

Brevan Howard Asset Management's emerging markets fund is down by double-digits this year, a difficult one for the strategy.

Most emerging-markets funds are underperforming this year, with their targets having been battered by global economic uncertainty. But Brevan's $2.8 billion fund has been hit harder than most, and is down 12% through Oct. 4, Reuters reports.

The Brevan emerging-markets fund is managed by Geraldine Sundstrom and gained 14% last year.

The fund is up 1.21% this month.

Unlike the emerging markets fund, Brevan's flagship Master Fund is not soaked in red. But it's not doing especially well, having seen its first-half gains eliminated in the second. The $28 billion fund is essentially flat through Oct. 4, according to Reuters.

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