For A Mere $500M, You Too Can Own A Piece Of Brevan Howard

Jan 7 2015 | 9:36am ET

If you've always secretly wanted to own 15% of of one of Europe's biggest hedge funds, your time has come.

Zurich reinsurer Swiss Re has put its minority stake in Brevan Howard Asset Management, the $30 billion hedge fund, on the block, people familiar with the talks told Reuters.

Several potential buyers have heard the pitch, although the source did not reveal their identities.

Swiss Re, which has apparently made money on the stake it bought in 2007 for an undisclosed amount, can expect to make anywhere between $350 million and $500 million on the sale.

Brevan Howard, which is based in St. Helier on the island of Jersey, has grown significantly since it was founded in 2003, but its main fund suffered its first ever annual loss in 2014 and on Monday it announced that DW Partners had assumed control of two of its funds.


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