Brevan Howard is shutting down its $2.3 billion emerging market fund after losing 15% of its value last year and 1.6% of its value so far this year and fund manager Geraldine Sundstrom will leave the firm, Laurence Fletcher reports for Reuters.
Brevan Howard: EM funds faced high volatility in 2013
Emerging market funds had a rough year almost across the board, with uncertainty over Fed tapering driving much of the market uncertainty. “Much of this volatility...
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