Bloomberg – Brevan Howard Asset Management LLP, the hedge-fund firm that oversees $37 billion, is shutting its commodity hedge fund run by Stephane Nicolas after losses this year, according to two people with knowledge of the matter.
The fund, which had about $630 million in assets under management, has fallen about 4.3 percent through the end of October, said one of the people, who asked not to be identified because the information is private.
