Brevan Howard’s Bathwal prospered in March as flagship fund faltered

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Minal Bathwal was a stand-out performer at Brevan Howard in March, making money as market turmoil saw the macro trading firm's flagship fund rack up its largest monthly loss since 2003, according to a report by Bloomberg.

The report cites an investor letter as revealing that Bathwal, who mainly trades Asian interest rates and currencies, made 1.1% over the month boosting year-to-date performance for his Brevan Howard MB Hedge fund to 4.9%.

The firm’s main $11 billion Master Fund meanwhile, slumped 4.2% in March as the market turmoil prompted by fears of a banking crisis caught many macro traders off-guard.

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