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Hedge Funds

Brevan Howard Suffers $3B in Redemptions As Macro Funds Stall

by posted 3years ago 7420 views
European hedge fund firm Brevan Howard Asset Management has reportedly suffered a decline in assets of approximately $3 billion in the nine months through the end of September, the latest major macro fund manager to suffer redemptions in the wake of challenging market conditions. The losses bring Brevan’s AUM down to $24.8 billion, according to Bloomberg, which cited a person familiar with the situation and investor reports. The asset drop is exclusive of the $5 billion that departed Brevan Howard when affiliate manager DW Partners transitioned out in January.  The investor redemptions come as Brevan’s main macro fund sits at...