In a analysis notice printed in the present day (1 March), analyst Sachin Saggar mentioned the dealer’s base case is that 2024 will likely be a “robust 12 months” with no “apparent trades” offering upside optionality for the technique.
“We imagine BH Macro is a top quality fund however in the present day’s setting doesn’t appear conducive to the technique,” he mentioned.
The belief, which holds £1.6bn in property and is a feeder into the $13bn Brevan Howard Grasp fund, one among Brevan Howard’s flagship funds, fell 2% in 2023.
Pershing Sq. Holdings supervisor slashes efficiency charge as Ackman eyes US launch
BHM has remained in negat…
