Brevan Howard Gains IN EM Fund, But Master Fund Suffering Heavy Losses

Brevan Howard has finally experienced some positive returns in the struggling Emerging Markets Master Fund, which was up 2.3% last month, bringing year to date loss down to 12.7% for the year. The returns are from a monthly shareholder report seen by ValueWalk. Brevan Howard posts gain in EM strategy The $2.5 billion EM master fund has been on the losing end since May and had been unable to rope in profits from EMs as they suffered growing outflows against the backdrop of possible QE taper. Just as the Fed took QE off the table, EMs were back up once…