Brevan Howard Announces First Monthly Profit in 2014

August 14, 2014 Ryan James Hedge Fund News

Struggling to avoid its first-ever loss year, Brevan Howard’s flagship hedge fund was able to announce its first black month during the 2014 financial year.

Run by manager Alan Howard, the $26.5 billion Master Fund posted a modest gain of 0.7 percent in July. The announcement was made in a letter to the fund’s investors and reviewed by The Wall Street Journal. The fund is one of the world’s largest, and has not posted a single profitable month during the past six months. The upward movement this month of the fund will reduce the year’s losses down to only 3.7 percent to July’s end.
Compared to other funds, Brevan is doing well. The average fund across all strategies lost 0.6 percent during July. However, most funds, on average, are still up by 2.5 percent as of July.

Investors, although possibly worried, can still feel good about their choices. In 2010, 2012 and 2013 the Master Fund rose by small amounts and in 2007 and 2008 the fund posted gains over 20 percent. The fund has never ended the year in the red.

Brevan Howard, Master Fund,

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