Reuters- It’s not all gloom and doom in the hedge fund sector, despite some widely publicized meltdowns among funds that invested in credit securities. <\/p>\n
For instance, Brevan Howard Asset Management’s flagship fund, which manages nearly $17 billion (8 billion pounds), was up 17.1 percent in the year-to-date through February, according to a March 5 letter to investors.<\/p>\n
London-based Brevan Howard, one of Europe’s biggest hedge fund groups with about $21 billion in total assets, trades mainly in currencies, government debt and other securities in a strategy known as "global macro."<\/p>\n
The firm announced recently it plans to list a second "feeder" fund on the London Stock Exchange after last March’s listing of BH Macro Ltd, which raised $1 billion and has grown to more than $1.8 billion over the year.<\/p>\n