Launches & Closures

New credit launches line up as JPM loss roils volatile markets


At least three significant new credit hedge funds are in the works for launch in the coming weeks and months, aiming to exploit the fast-expanding opportunities and dislocations in the European and global credit markets.

Brevan Howard, the $30 billion hedge fund giant, is believed to be planning a new credit vehicle to be run by the New York-based team that manages the firm’s well-performing Brevan Howard Credit Catalysts Fund.

The new Brevan Howard Credit Value Fund will also be run by David Warren, the former Morgan Stanley credit trading head who leads Brevan Howard’s credit trading operation,