Brevan Howard, the $21bn London hedge fund, plans to raise $500m by listing a new fund, after its first listed vehicle returned 41% in its first year. The BH Global fund will invest about half its money in Brevan’s flagship fund, with the rest spread across the firm’s other funds. The launch comes amid growing investor concerns about the toughening environment for hedge funds as banks clamp down on credit, with several funds – such as Peloton Partners – imploding or needing rescue in recent weeks.

This entry was posted by Gwen Robinson on Thursday, March 6th, 2008 at 5:39 and is filed under Capital markets, Hedge funds. Tagged with brevan howard, Peloton. Edit this entry.