Launches & Closures

Brevan unveils plan to list high-performing Credit Catalysts fund

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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