May
11

Brevan Howard Said to Liquidate Argentina Fund After 18% Return

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  • Fund was started in 2014, had more than $500 million assets
  • Fund winding down after Argentina resolved creditor dispute

Brevan Howard Asset Management LLP is closing down its dedicated Argentina fund after the country resolved a legal dispute with creditors that had pushed the nation into default.

The Argentina Master Fund produced net returns of 18 percent since it was opened to outside investors in January 2015, when the nation was in the midst of its second default in less than two decades, according to people with knowledge of the matter. The fund was designed to profit from a political transition and close once Argentina implemented market-friendly policies including allowing its currency to float and curing the default, said one of the people, who asked not to be named because the matter is private…

Brevan Howard Said to Liquidate Argentina Fund After 18% Return

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