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Credit Funds Are a Bright Spot for Brevan Howard

The London-based firm’s $27.8 billion flagship macro fund is in the doldrums this year, but its smaller credit funds are continuing a strong run.

London-based Brevan Howard Asset Management is best known for its flagship $27.8 billion Brevan Howard Master Fund, the huge global macro hedge fund that has been muddling along for the past few years. The fund fell 4.44 percent in the first half of this year, although that’s slightly better than many of

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