Sunday, 5 July 2015
Last updated 1 day ago
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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…