{"id":5534,"date":"2007-01-12T00:00:00","date_gmt":"2007-01-12T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"london-hedge-fund-launch","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/01\/2007\/london-hedge-fund-launch.html","title":{"rendered":"London Hedge Fund Launch"},"content":{"rendered":"
HedgeCo.Net (New York) –<\/span> Brevan Howard, the hedge fund manager, is planning to raise up to \u00c3\u201a\u00c2\u00a31bn through the first hedge fund listed on the main London market, investing the proceeds in the four-year-old manager\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s flagship global fund <\/p>\n

BH has rapidly risen to be one of London\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s biggest hedge fund managers, the fund manages $11bn, mainly used for macroeconomic bets. BH is planning the new fund to run a similar strategy to MW TOPS, which was listed in Amsterdam by Marshall Wace, a rival British hedge fund group, in December. <\/p>\n\n\n\n
<\/td>\n<\/tr>\n
<\/td>\n<\/tr>\n<\/table>\n

The Financial Services Authority (FSA) is in the process of relaxing rules to allow single-strategy hedge funds to float in London. The move will be a coup for the London Stock Exchange after it lost out to its European rivals last year because of its ban on listed specialist hedge funds. Marshall Wace\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s listing on Euronext Amsterdam last month was the largest ever for a single fund, raising \u00c3\u00a2\u00e2\u20ac\u0161\u00c2\u00ac1.5 billion for MW TOPS. It came after Sir Andrew Large, the former Deputy Governor of the Bank of England and its chairman, attacked the FSA\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s restrictions as anachronistic. <\/p>\n

Single-strategy hedge funds, as distinct from funds of hedge funds, had been banned from full listings in London because they were not sufficiently diversified and because of restrictions on short-selling. <\/p>\n

BH was set up in 2002 by Alan Howard, Credit Suisse\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s former head of interest-rate derivatives trading. Since then, its main global fund has returned 10.2 per cent a year with low volatility. <\/p>\n

Alex Akesson
Contributing Writer
HedgeCo.Net
Email: Editor@hedgeco.net<\/a> <\/p>\n

\n

HedgeCo.Net is a premier hedge fund database and community for qualified and accredited investors only. Membership on www.hedgeco.net is FREE and EASY. We also offer FREE LISTINGS for Hedge Funds! <\/p>\n

\n

Be sure to check out our sister sites. www.hedgefundlounge.com<\/a>, www.hedgefundtools.com,<\/a><\/strong> and www.hedgefundemployment.com.<\/strong><\/a> <\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

HedgeCo.Net (New York) – Brevan Howard, the hedge fund manager, is planning to raise up to \u00c3\u201a\u00c2\u00a31bn through the first hedge fund listed on the main London market, investing the proceeds in the four-year-old manager\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s flagship global fund BH has […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-5534","post","type-post","status-publish","format-standard","hentry","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/5534","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=5534"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/5534\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=5534"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=5534"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=5534"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}