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Brevan Howard hedge fund hit by emerging market slide

Reuters – Brevan Howard’s emerging market hedge fund, one of the world’s largest, is nursing big losses after the recent sell-off in developing market stocks, bonds and currencies, two sources who have seen the numbers said.

The $2.7 billion (1.7 billion pound) Emerging Market Strategies Fund, run by Geraldine Sundstrom, is down 11.6 percent to June 14, the sources said. This includes a 4.8 percent drop this month.

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