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Fund closure signals trouble in emerging markets

Exit Sign

Word Monday that Brevan Howard Asset Management was closing its emerging-markets fund hit a nerve with other fund managers focusing on developing economies, many of whom have had a tough start to the year.

Brevan Howard paid partners $99m

Hedge Fund

Brevan Howard Asset Management, the U.K. unit of Europe’s largest closely held hedge-fund firm, paid its partners as much as $99m for the year through March, according to a corporate filing.

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