(Bloomberg) Brevan Howard Asset Management LLP’s main hedge fund lost money in May, its third straight monthly decline this year, according to two people with knowledge of the matter.
The Brevan Howard Master Fund fell 0.3 percent last month, deepening its losses for the year to 2.1 percent, said the people, who asked not to be identified because the information is private. A spokesman for the investment firm, run by billionaire Alan Howard, declined to comment.
The fund, which managed $16.9 billion at the end of April, lost 0.9 percent in April and almost 2 percent in March, according to a company website.
