Brevan Howard's Master Fund Said to Fall Further in April

May 6 2016 | 10:11pm ET

The flagship hedge fund at Brevan Howard Asset Management reportedly fell approximately 0.9% in April, bringing its year-to-date losses to -1.8% and extending the hedge fund manager’s string of losses. 

In comparison, the HFRX Macro/CTA Index rose 0.3% in April and was up 0.4% in 2016, according to data from Hedge Fund Research, while HFR’s HFRI Macro (Total) Index dipped 0.34% in April and is up 1.23% YTD.

The Brevan Howard Master Fund, a $17 billion macro vehicle that which invests based on broad economic themes through equities, bonds, currencies and commodities, has faced particularly rough waters since the middle of 2015.

The fund lost money in each of the last two years, sparking an outflow of investor capital that has brought assets down from more than $27 billion in 2014. Investors reportedly redeemed a further $1.4 billion in the first quarter.

The April results were first reported by Bloomberg, which cited two unidentified individuals familiar with the matter. 


In Depth

Q&A: Portfolio Advisors' Brian Murphy On The Advantages of A Private Markets Platform

Jan 2 2018 | 11:05am ET

Most private markets firms reference their platforms as a source of competitive...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Steinbrugge: The Top Hedge Fund Industry Trends for 2018

Jan 2 2018 | 12:22pm ET

Each year, Don Steinbrugge’s Agecroft Partners compiles the insights gained...

 

FINalternatives Trending

From the current issue of