BH Macro vs Brevan Howard15 Jan 2024 14:34
I notice that BHMG lost almost 24% last year (2023). It was also down a little over 2Y. According to The Telegraph (14/1/24): "The payout from Brevan Howard Asset Management came after the fund’s profits soared by nearly 300pc last year.". Given that BHMG invests only in the parent "master fund", why did BHMG do so badly? I assume I am misunderstaning something fundamental. Happy to be educated.