(Bloomberg) Alken Asset Management’s hedge fund betting on European stocks lost 12.8 percent in June as Britain’s vote to exit the European Union triggered a sell-off in equity markets across the globe.
The loss was a record monthly decline for the Alken Fund Absolute Return Europe, which managed 2.2 billion euros ($2.4 billion) at the end of May, according to a fund document reviewed by Bloomberg. A company official confirmed the fund’s performance.
