Chinese Bank Readies Fund Of Brevan Howard Funds

Aug 1 2012 | 2:31am ET

Brevan Howard Asset Management and a major Chinese investment bank are set to join forces to create a new fund of hedge funds.

China International Capital Corp.'s asset management business will run the new fund, which will invest in Brevan Howard hedge funds, some of which are not currently available. The global macro vehicle will be available in onshore and offshore share classes, both of which will be denominate in Chinese renminbi.

"The fund is the second of its kind to be launched by us," Lucy Miu, managing director of CICC Hong Kong Asset Management, said. "We strive to provide the exclusivity and accessibility of various premium investment solutions to our clients. Through investing into the combination of various funds and strategies, we aim to achieve superior return for our clients through asset allocation and diversification. Our focus is on providing excellent investment management products and services to our clients, leveraging the merits of CICC’s integrated platform and collaboration with prominent global market participants. Through rigorous due diligence and ongoing risk monitoring, the platform offers a selection of best of breed, value-added financial products of various asset classes and access to Chinese-centric and global investment management solutions."

To prepare for the launch of the new fund, CICC has closed a small long/short equity hedge fund that it had managed since 2008. The CICC Asia Fund, an offshore fund, had not been actively marketed to investors.

CICC is also reportedly planning a fund in partnership with Sloane Robinson.


In Depth

Whisky Business: The Ultimate Liquid Alternative Investment

Sep 15 2014 | 7:02am ET

David Robertson knows his single-malt whisky—he was the Master Distiller at the...

Lifestyle

Hedgies Rock Out For Children's Charity

Sep 15 2014 | 8:40am ET

It's that time of year again—when hedgies trade in their spreadsheets for guitars...

Guest Contributor

Volkered: How Financial Sector Reforms are Creating Opportunities for Hedge Funds

Sep 16 2014 | 11:28am ET

New regulations have dramatically curtailed proprietary trading activity in investment...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    Aug 25 2014 | 11:21am ET

    As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…

 

Futures Magazine

September 2014 Cover

The London Whale: Rogue risk management

The London Whale saga is a twist on the typical rogue trader story as the rogue trader recognized the error of his ways and was prepared to take his medicine but was instructed by superiors to “defe...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.