(Bloomberg) Brevan Howard Asset Management LLP’s flagship hedge fund lost 0.7 percent in May, its third straight monthly decline, according to an investor letter seen by Bloomberg News.
The loss deepened the $8.7 billion hedge fund’s slump this year to 3.8 percent. Peers betting on macro economic trends gained 1 percent on average during the first five months of 2017, according to estimates from Eurekahedge. A spokesman for the investment firm run by billionaire Alan Howard declined to comment.
