Thursday, 31 July 2014
Last updated 3 hours 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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…