Brevan Multi-Strategy Fund Gaining Popularity as Master Fund Closed to New Investments

April 26, 2012 James Heinsman Hedge Fund News

Investors anxious to get exposure even to just part of the top performing Brevan Howard Master fund have been pouring money into its sister fund, Brevan Howard Multi-Strategy Master Fund, in hopes of cashing in on some of the Master’s success.

Launched in 2003, the Brevan Howard Master Fund has made money every year since, but is now closed to any additional cash. Instead hopeful investors are being detoured into the Multi-Strategy fund, which not only invests in the $27 billion flagship fund, but in other smaller strategies as well. Multi-Strategy has grown to managing about $2.3 billion today from only $1.1 billion last September, a sign of the desire investors have to get a piece of the Master fund’s action.

As one investor put it, closing down the Master Fund to new investments is “a way to give money to other funds they’re building. They’re saying to institutions that it’s the only way to get exposure.”

Brevan Howard Master Fund, Brevan Howard Multi-Strategy Master Fund,

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