Brevan Howard's main fund shed $3 billion in assets in H1 - source

Investors pulled more than $3 billion (£2.31 billion) from Brevan Howard's main hedge fund in the first half of the year, a source told Reuters on Tuesday. The outflows, which came during a torrid six months for many firms, took the fund's assets down to $15.7 billion, the source said - a near halving of the fund's total assets three years ago at $28 billion. News of the slide in assets was first reported by the Wall Street Journal on Tuesday.