Brevan Howard Back-to-Back Monthly Losses Cut Into Record Gain
- The Brevan Howard Master Fund fell in both May and June
- Macro hedge fund peers rose, on average, in both months
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Brevan Howard Asset Management’s flagship macro hedge fund lost 0.6% in June, suffering back-to-back monthly losses and giving up some of its record gains from March.
The decline follows a 0.9% loss in the $3.8 billion Brevan Howard Master Fund in May, according to letters to investors seen by Bloomberg. Preliminary estimates from Eurekahedge show that macro hedge fund peers made money, on average, in both months.