Brevan Howard Opens New York Office

Jul 20 2012 | 2:13am ET

One of Europe's largest hedge fund managers is expanding—to the U.S.

Brevan Howard Asset Management has set up an investment company in New York. Brevan Howard US Investment Management, founded last month, will get its start next month trading for Brevan's flagship Master Fund, the firm told investors in its listed BH Macro fund.

The same note let clients know that the fund lost 2.22% last month and is down 3.65% on the year, even as assets under management rose by US$2.5 billion to US$36.7 billion over the past six months.

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