Tuesday, 1 September 2015
Last updated 17 min ago
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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…