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Brevan Howard To Launch $750 Mln Hedge Fund

(Reuters) Brevan Howard Asset Management plans to launch a new $750 million fund directly managed by a group of traders, the firm’s listed fund company told investors in a monthly shareholder report. The launch of the new Alpha Strategies Master Fund follows Brevan Howard’s strong returns in the first half of the year as similar so-called ‘macro’ strategies, which bet on the global economy, have struggled.

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