Tajuk : A struggling hedge fund has reportedly suffered about $1 billion in outflows
link : A struggling hedge fund has reportedly suffered about $1 billion in outflows
A struggling hedge fund has reportedly suffered about $1 billion in outflows
REUTERS/Eddie Keogh
One-time hedge fund titan Brevan Howard Asset Management has suffered about $1 billion in outflows, according to a Bloomberg News calculation based on recent investment letters from the firm.
The firm’s assets are currently at about $8.7 billion, down from $10 billion, Bloomberg reported. The fund is run by billionaire Alan Howard.
That’s a stark fall for the firm, which as recently as 2013 managed $40 billion.
Investors have been pulling money from the fund for years as the fund posted lackluster returns.
Last year, investors were bracing for billions in more redemptions and the firm was bracing for a “worst case scenario” in contingency planning should assets drop further, Business Insider reported.
Brevan was down 3.1% for the first four months of the year, after returning 3% last year, Bloomberg reported.
The outflows come as Brevan spinouts, such as Rokos Capital Management, plan to double in size. Others, like Ben Melkman’s Light Sky Macro, have been expanding, too. New York-based Light Sky Macro now manages a little over $1 billion, according to a person familiar with the situation.
An external spokesperson for Brevan Howard declined to comment.
Read more stories on Business Insider, Malaysian edition of the world’s fastest-growing business and technology news website.
✍ Sumber Pautan : ☕ Business InsiderBusiness Insider
Kredit kepada pemilik laman asal dan sekira berminat untuk meneruskan bacaan sila klik link atau copy paste ke web server : http://ift.tt/2qOebOm
(✿◠‿◠)✌ Mukah Pages : Pautan Viral Media Sensasi Tanpa Henti. Memuat-naik beraneka jenis artikel menarik setiap detik tanpa henti dari pelbagai sumber. Selamat membaca dan jangan lupa untuk 👍 Like & 💕 Share di media sosial anda!
REUTERS/Eddie Keogh
One-time hedge fund titan Brevan Howard Asset Management has suffered about $1 billion in outflows, according to a Bloomberg News calculation based on recent investment letters from the firm.
The firm’s assets are currently at about $8.7 billion, down from $10 billion, Bloomberg reported. The fund is run by billionaire Alan Howard.
That’s a stark fall for the firm, which as recently as 2013 managed $40 billion.
Investors have been pulling money from the fund for years as the fund posted lackluster returns.
Last year, investors were bracing for billions in more redemptions and the firm was bracing for a “worst case scenario” in contingency planning should assets drop further, Business Insider reported.
Brevan was down 3.1% for the first four months of the year, after returning 3% last year, Bloomberg reported.
The outflows come as Brevan spinouts, such as Rokos Capital Management, plan to double in size. Others, like Ben Melkman’s Light Sky Macro, have been expanding, too. New York-based Light Sky Macro now manages a little over $1 billion, according to a person familiar with the situation.
An external spokesperson for Brevan Howard declined to comment.
Read more stories on Business Insider, Malaysian edition of the world’s fastest-growing business and technology news website.
✍ Sumber Pautan : ☕ Business InsiderBusiness Insider
Kredit kepada pemilik laman asal dan sekira berminat untuk meneruskan bacaan sila klik link atau copy paste ke web server : http://ift.tt/2qOebOm
(✿◠‿◠)✌ Mukah Pages : Pautan Viral Media Sensasi Tanpa Henti. Memuat-naik beraneka jenis artikel menarik setiap detik tanpa henti dari pelbagai sumber. Selamat membaca dan jangan lupa untuk 👍 Like & 💕 Share di media sosial anda!
dengan itu Perkara A struggling hedge fund has reportedly suffered about $1 billion in outflows
Kini anda membaca artikel A struggling hedge fund has reportedly suffered about $1 billion in outflows dengan alamat pautan https://timesnewmalaysia.blogspot.com/2017/05/a-struggling-hedge-fund-has-reportedly.html
0 Response to "A struggling hedge fund has reportedly suffered about $1 billion in outflows"
Catat Ulasan