Friday, 21 October 2016
Last updated 5 min ago
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.