Thursday, 27 November 2014
Last updated 14 hours ago
Oct 25 2007 | 7:51am ET
Following its disappointing debut in March, Brevan Howard Asset Management’s publicly-traded hedge fund vehicle has raised an additional US$131 million in a new share offering.
BH Macro, which invests in Brevan’s $15 billion flagship global macro fund—otherwise closed to new investors—said in a note to the London Stock Exchange that it had sold about 8.7 million new shares to investors.
The share sale brings BH Macro closer to the goal it set for itself seven months ago. The firm had hoped to raise about US$1.3 billion in BH Macro’s initial public offering. It fell about US$300 million short.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...