Brevan Howard, the $32 billion hedge fund group led by Alan
Howard, has unveiled plans for a new London-listed closed-end
feeder vehicle based on its high-performing $1.1 billion Brevan
Howard Credit Catalysts Fund.
The flotation of the new BH Credit Catalysts Limited
imvestment company on the London Stock Exchange follows the
firm’s two successful previous listings of the
publicly-listed BH Macro and BH Global closed-end funds
– which run assets of some $2.9 billion.
The underlying Brevan Howard Credit Catalysts Fund is run by
a 22-strong New York-based team led by ex-Morgan Stanley
corporate credit trading head David Warren that span out from
Brevan Howard in June 2009 to form DW Investment
DWIM is the investment manager for the fund, which uses
Brevan Howard’s infrastructure...