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

Related-Company Fees: Normal Industry Practice or Conflicted Compensation?

Nov 11 2015 | 4:23pm ET

Regulatory agencies as well as investors are increasingly exploring whether certain...


Ferrari Roars in Wall Street Debut

Oct 21 2015 | 4:28pm ET

Shares of supercar maker Ferrari jumped as much as 15 percent to a high of nearly...

Guest Contributor

Private Debt - What is the Opportunity?

Nov 11 2015 | 3:28pm ET

In this contributed article, Rob Allard, founding partner of Firebreak Capital...


Editor's Note

    Oct 21 2015 | 10:41am ET

    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…