Losses reportedly force closing of EM fund


Suffice it to say these sorts of things don't happen at tops. Brevan Howard Asset Management is reportedly shuttering its emerging market fund after it lost 15% last year, and fund manager Geraldine Sundstrom is exiting the firm.

Brevan Howard is Europe's largest hedge fund firm, with more than $40B in AUM. Its flagship Master Fund - opened in 2003 - has never had a losing year, but had a lame 2013, up just 2.6%. The emerging markets fund opened in 2007 and has $2B in AUM.

Emerging markets ETFs: EEM, VWO, DEM, EDC, DGS, EDZ, EEMV, SCHE, EEB, EDIV, IEMG, DVYE, EEV, EWX, BIK, BKF, PIE, ADRE, HILO, EUM, FNI, EET, GMM, PXH, EEMS, BBRC, EELV, FEMS, DGRE, EEME, EMDD, BICK, DBEM, EMCR, FEM, EMBB, EWEM, EMLB, EVAL, TLTE, EEHB, EGRW, EMHD, FNDE, EMDG, EMSA, EMDR, EMFT, QEM, QDEM

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