Hedge Funds

Brevan publishes prospectus for Credit Catalysts feeder fund listing

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Brevan Howard, the $32 billion hedge fund group led by Alan Howard, has published the prospectus ahead of the planned listing next month on the London Stock Exchange of a new 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 investment company on the main market of the LSE 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