WSJ – Investors pulled more than $4 billion from Brevan Howard ’s flagship hedge fund in the seven months to December, as poor returns pushed the portfolio to its first ever calendar year loss.
Calculations by The Wall Street Journal, based on investor letters from the $23.7 billion fund reviewed by the Journal, show that the portfolio suffered a net outflow of around $4.2 billion between the end of May and the end of December.
