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Brevan Howard Posts Second-Ever Annual Loss

The firm's London-based flagship fund had a second-straight losing year.

Alan Howard's Brevan Howard Master Fund, managed by Howard's firm Brevan Howard Asset Management, suffered its second loss in two years -- only its second losing year since it began trading in 2003. The macro fund lost 3.91 percent in December alone. As a result, it was down 1.99 percent for the

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