H2O Asset’s Macro Hedge Fund Lost 14.4% in Brexit Turmoil

(Bloomberg) A global macro hedge fund overseen by H2O Asset Management lost 14.4 percent 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.

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