Brevan Howard to exploit high yield “sweet spot” with new fund

By Lawrence Delevingne

Tue Jun 5, 2012



David Warren’s second vehicle expands the firm’s reach into a hot market.


   
   David Warren (Photo: Bloomberg)
David Warren is betting investors will listen to his bullish credit calls-and wait a little longer for them to be right.

Warren manages about $4 billion in corporate credit and mortgage and asset backed securities at DW Investment Management in New York, which runs money exclusively for $34.2 billion London-based Brevan Howard Capital Management. He's adding to that with the March 1 launch of his second vehicle, the Brevan Howard Credit Value Fund.

Unlike the existing Brevan Howard Credit Catalysts fund, the new offering will...

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