May
16
Brevan Howard’s Hedge Fund Suffered $1 Billion Outflows in April
ByBrevan Howard Asset Management’s flagship hedge fund suffered about $1 billion in outflows in April as investors continued to pull money, according to a Bloomberg News calculation based on the fund’s letters to investors.
Assets managed by Brevan Howard Master Fund, which lost 0.7 percent last month, dropped to $8.7 billion at the end of April, from almost $10 billion a month ago, the letters show. The calculation doesn’t take into account currency fluctuations.
Assets have roughly halved in the past year after investors asked for their money back following poor performance. A spokesman for the investment firm run by billionaire Alan Howard declined to comment…
Brevan Howard’s Hedge Fund Suffered $1 Billion Outflows in April
