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.
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.
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."
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.
