A global macro hedge fund overseen by H2O Asset Management lost 14.4 percent on Friday in the wild market swings after the U.K.’s shock vote to exit the European Union, according to data compiled by Bloomberg.

The H2O Vivace fund, which bets across stocks, bonds, interest rates and currency markets, managed about 209 million euros ($232 million) at the end of May, according to a document on its website. A spokeswoman for the London-based firm, an affiliate of Natixis Global Asset Management, declined to comment.

The surprise Brexit vote has erased trillions of dollars from global equity markets and triggered volatility in currency markets, leading to winners and losers in the hedge fund industry. Crispin Odey’s flagship Odey European Inc. fund recorded a gain of about 21 percent over Friday and Monday, according to an e-mail to investors. The HFRX Macro Index declined 0.55 percent on Friday.

H2O Vivace’s loss leaves the fund down 24.5 percent for the year, after gaining 30.7 percent in 2015, according to data compiled by Bloomberg.

H2O Asset Management was co-founded by Bruno Crastes and Vincent Chailley in 2010 and the firm managed 7.6 billion pounds ($10.2 billion) at the end of last year, according to its website.

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