Brevan Howard Finds Volatile Environment In Emerging Markets

As Brevan Howard, the world’s third largest hedge fund, moved operations from London to Switzerland, Asia, the US and Channel Islands in 2013 to escape EU regulation and grow internationally, according to reports, its emerging market fixed income fund couldn’t escape a difficult market environment.   Brevan Howard: Emerging market debt Brevan Howard’s Emerging Markets Local (BHEML) fixed income fund products ended broadly in the red in 2013 amidst a difficult market in emerging market debt, according to an investor letter reviewed by ValueWalk.  The long only J.P.Morgan Government Bond Index Emerging Markets Global Diversified fell 8.98%, the letter noted, and…