Brevan Opens New Commodities Hedge Fund

May 19 2010 | 12:13pm ET

Brevan Howard Asset Management has launched a commodities hedge fund.

Europe’s largest hedge fund manager has begun accepting outside investors into the fund, which debuted in March. Brevan seeded the energy and commodities fund, which invests in commodity options and futures, with US$200 million, Bloomberg News reports.

The Brevan Howard Commodities Strategies Master Fund is helmed by Stephane Nicolas, who heads Brevan’s commodities desk. Nicolas has been with Brevan since 2004, and was named a partner three years later. Before joining the London-based hedge fund, he worked at Bank of America, DRW Trading and Société Générale.

The new fund charges 2% for management and 20% for performance. It has a $1 million minimum investment requirement.


In Depth

bfinance: Fees Falling Across Asset Classes, Yet Overall Investor Costs Still Climbing

May 16 2017 | 9:53pm ET

Despite unprecedented attention on fees, new research from investment consultancy...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Risk-Based Compliance: Why Oversight Of Outsourcing Is Critical

May 10 2017 | 7:02pm ET

Compliance is notoriously one of the trickiest middle office functions for funds...

 

From the current issue of