Brevan Howard Gains in Credit, Asia Fund; Down In EM Fund

Brevan Howard Master Fund declined in May after taking a +3.27 percent in April, the flagship fund was down 0.08 percent in May, bringing the year to date performance to +6.55 percent.  The Master fund booked gains in forex trades and from volatility in U.S. interest rates while losing in European interest rates. The fund’s performance in May is exactly opposite to how it fared in April when European rates gave profits and U.S. rates’ volatility was a loser. Brevan Howard’s Overall Performance Brevan Howard’s overall performance in May was abysmal, with two major funds posting large detractions. Brevan Howard Emerging Markets…