Most Global Macro Hedge Funds Suffer, Brevan Howard Thrives

December 9th, 2011
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Typically, wild market swings create opportunities for shrewd Global Macro hedge fund managers. A recent article from Reuters highlights how most of the more celebrated global macro hedge funds have struggled to post respectable returns throughout 2011.

Notable unimpressive performance numbers from the article, include:
- Louis Bacon's Moore Global Investments Fund, which is down 2.6% for the year through November 18th
- Fortress Investment Group’s flagship macro fund, which was down approximately 10% for the year through late November
- Bruce Kovner’s Caxton Associates Macro Fund, which has only returned 1% through November 30th
- Paul Tudor Jones' Tudor BVI Global Fund , which was up 3% through November 25th

The one bright spot from the article was London-based Brevan Howard Asset Management. Alan Howard’s hedge fund, which has more than $25 billion in assets under management, is reportedly up 12.7% for the year through late November. According to Reuters, Brevan Howard’s outperformance can largely be attributed to profits from its bearish bets against Europe.
For Detailed Investor Profiles on these Investors, click below:
Brevan Howard Asset Management
Caxton Associates
Fortress Investment Group
Moore Capital Management
Tudor Investment Corporation
Related People: Aaron Rowe ; Alan Howard; Andrew Law; Bruce Kovner; Christopher Rochos; Daniel Mudd*; Greg Coffey; Henry Bedford*; James Pallotta*; James Vernon; Jean-Philippe Blochet; Jean-Phillipe Blodget; Jude Driscoll; Louis Bacon; Michael E. Novogratz; Paul Tudor Jones, II; Randal Nardone; Robert Kauffman*; Trifon Natsis; Wesley Edens; William F. Callanan*
Related Entities: Altar Rock*; BH Global; BH Macro; Brevan Howard Asia Fund; Brevan Howard Credit Catalysts; Brevan Howard Emerging Market Strategies Fund; Brevan Howard Macro FX; Brevan Howard Master Fund Ltd; BVI Global Fund Ltd; Caxton Alpha Equity LLC; Caxton Associates; Caxton Equity Growth (BVI) Ltd; Caxton Global Investments USA LLC; Caxton Healthcare Trading LLC; Caxton International LTD; Drawbridge Global Macro Funds; Fortress Commodities Fund LP; Fortress Partners Funds; Fortress Value Recovery Funds ; Logan Circle Partners; Moore Capital Emerging Markets; Moore Global Fixed Income; Moore Japan Restructuring; Newcastle Investment Corp; Raptor Global*; Remington Investment Strategies; Swiss Reinsurance; Tudor Investment Corp; Tudor Investments; Tudor Momentum Futures Fund; Tudor Tensor; Valence Capital Management
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News; Hedge Fund Spotlight Reports

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