Brevan Howard Is Said to Plan Hedge Funds Amid Client Exodus
- New pools will wager on volatility, interest-rate expectations
- Firm is expanding its lineup as assets sink below $12 billion
Brevan Howard Said Starting New Funds Amid Exodus
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Brevan Howard Asset Management, the hedge fund firm co-founded by Alan Howard that’s battling an investor exodus, is planning to start two more funds, people with knowledge of the matter said.
The money manager has been marketing a fund designed to profit from expectations of higher or more volatile interest rates, said the people, who asked not to be identified because the information is private. That fund is set to begin later this year. The second pool, also expected to start soon, will bet on rising volatility, the people said. A Brevan Howard spokesman declined to comment.