BH Down 2% In June, Alan Howard Increasingly Concerned over Economy

Brevan Howard Global Limited, Europe's second largest hedge fund company, reports that their Master Limited Fund, the flagship hedge fund of the company, is down 2.22% for the month of June. As we reported, the fund was down 1.7% for May. Year to date, the fund is down 3.6%. Assets under management now total approximately $37 billion.

The report issued from the company suggests that most of the losses were due to interest rates trading in directional positions, and volatility positions, as well as FX macro trading. There were also some small...