Hedge Fund Brevan Howard Makes Play For India

Feb 22 2008 | 1:00am ET

Brevan Howard, a $20 billion British hedge fund manager, is prepping an India-focused offering.

The Brevan Howard India Opportunities Fund is set to debut with some $75 million in firm capital, although a launch date has not been finalized, according to a source with knowledge of the situation.

The fund will invest in a range of equities and real estate opportunities in India, including private companies, due to the illiquid nature of the Indian market, said the source.

Rommie Bhutani, a former managing director at Bank of America, serves as portfolio manager.

The fund charges a $1 million minimum investment for individual and $3 million for institutional investors. There is a three-year lockup period.

Brevan Howard is also currently prepping a new multi-strategy offering to be launched within the next few months.

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