Times Online — Traders anticipate strong demand for a listing by hedge fund manager Brevan Howard on the London Stock Exchange.
The closed-end vehicle will invest in one of Europe’s largest and most successful hedge funds, with $11.3 billion (£5.7 billion) under management. The firm’s main fund, which makes big-picture bets on the world economy, has seen double-digit returns since its inception in 2002.
Brevan Howard’s €1 billion listing, expected in the first quarter of this year, comes hot on the heels of a similar float by Marshall Wace on Euronext, which raised €1.5 billion (£980 million).
