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Brevan Howard Woes Highlight Tough Year for Macro

The firm’s flagship fund may post only its second-ever losing year, during a period when several other macro funds posted losses or shut down altogether.

Brevan Howard Asset Management, the London-based, macro-focused hedge fund giant, is on track to post only its second annual loss. The firm is far from alone, however, as its performance difficulties reflect what has been another difficult year for the long-flagging hedge fund strategy. The Brevan Howard Master Fund — the

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