Brevan Howard's EM Fund Worst Performer After June Decline

Brevan Howard, Europe's largest hedge fund with $40 billion under management, slid in the red zone in all of its major hedge fund strategies in last month. Brevan Howard posted the largest decline in the EM focused fund, Brevan Howard Emerging Markets Strategies Master Fund, which was down 6.5 percent in the month.

Brevan Howard posts largest decline in emerging markets

The emerging markets fund was down in all of its trades, fixed income, equities and forex. This has been Brevan Howard's worst performing macro strategy of the year, after June's...