Brevan’s $700 Million Commodity Hedge Fund Slumped in September

Oct. 2 (Bloomberg) — Brevan Howard Asset Management LLP lost 10.3 percent last month through Sept. 26 in a commodity hedge fund run by Stephane Nicolas, according to an investor.

The $700 million fund fell 7.1 percent this year, said the investor, who asked not to be identified because the information is private. A official for Brevan Howard declined to comment.

The Bloomberg Commodity Index, made up of 22 raw materials, slumped 6.2 percent last month, its biggest monthly decline since May 2012.

To contact the reporters on this story: Saijel Kishan in New York at [e-mail]; Jesse Westbrook in London at [e-mail] To contact the editors responsible for this story: Christian Baumgaertel at [e-mail] Josh Friedman