Brevan Howard Vets Raise $100M For Natural Resources Fund

Oct 24 2011 | 10:00am ET

Three former traders from European hedge fund giant Brevan Howard Asset Management have raised $100 million for a natural resources fund to be launched next year.

Tim Whyte, Carl Linderum and Ben Belldegrun have yet to name their new firm, reports Financial News, citing a person “familiar with the situation.”

Whyte will be the new outfit’s CIO, with Linderum and Belldegrun as senior partners on the investment team.

FN says the fund will focus on global commodities and equities.

All three joined Breven Howard in 2008 from the hedge fund firm Sofaer Capital where they also ran a natural resources hedge funds. They served as senior traders on the Brevan Howard Master fund until 2010, when all three left.

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