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Brevan Howard Raising Money in U.S. for Currency Hedge Fund

Bloomberg – Brevan Howard Asset Management LLP, Europe’s second-largest hedge fund, is looking to the U.S. to raise money for a three-year-old investment pool focused on currencies.

London-based Brevan Howard filed an Aug. 9 private- placement notice with the U.S. Securities and Exchange Commission to raise an unspecified amount of assets for its Macro FX fund. The $1 billion currency fund is managed by Luke Ding, a former Merrill Lynch & Co. foreign exchange trader who joined Brevan Howard in 2007.

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