Reuters – Credit ratings agency Moody’s has maintained its top ratings on four portfolios run by Europe’s biggest hedge fund, firm Brevan Howard, which it initially awarded before the industry crisis last year.
The “OQ1” ratings, which denote an excellent grade in various areas of the fund’s operations such as its trading and valuation process, were backed up by Brevan Howard’s “excellent risk and liquidity management”, Moody’s said in a statement on Friday.
The agency also highlighted “the strength of the manager’s overall approach towards governance of the fund”.
