Brevan Howard Marks First Losing Year Since Inception

Brevan Howard reported a losing month in December, which brought the macro hedge fund to its first losing year since it was founded in 2003. According to Bloomberg, Brevan Howard’s master fund was down 0.15% in December, bringing the total loss for the year to 0.8% in 2014. The $24 billion macro fund is run by co-founder Alan Howard and managed to gain 2.7% and 3.9% in 2013 and 2012 respectively. Brevan Howard sheds a quarter of assets in 2014 One of the world’s largest hedge funds has also been battling with a contracting asset base. Brevan Howard Asset Management said goodbye…