The Middle East conflict has disrupted the market, causing the performance of hedge funds Brevan and Taula to take a big hit in March.

Due to the market turbulence caused by the Middle East conflict, the oldest hedge fund under Brevan Howard Asset Management has expanded its losses in the past two weeks, wiping out all gains for the year. The main fund of Brevan Howard dropped by 6% last month until last Friday, resulting in a cumulative decline of 0.5% for the year. At the same time, according to individuals familiar with the performance of Taula Capital Management, the fund fell by 7.5% last month until last Friday. These individuals mentioned that the company saw a slight recovery last week after a 10% decline in the first two weeks of the month.