Thu, Feb 11, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

BHCC offers listed diversification in difficult markets

Wednesday, November 09, 2011

amb
David Warren
by Beverly Chandler, Opalesque London:

The Euro100m ($160m) Brevan Howard Credit Catalysts (BHCC) fund is a listed feeder fund which feeds into the $2.1 bn BHCC Master Fund (BHCC MF) managed by David Warren, whose specialist credit investment manager is New York-based David Warren of DW Investment Management.

The listed feeder fund was set up at the end of 2010 to offer diversification and access to the credit strategy to comparatively smaller investors and investors who can only invest in listed funds. Wealth managers, discretionary managers, smaller institutions and sophisticated high net worth investors feature largely among its investor base.

The main fund, the BHCC MF, has proven non-correlation with a 3% return in 2008 and 14.5% in 2010, a year when it rejoiced in being Brevan Howard's best performing underlying fund.

At its simplest, Charlotte Valeur, chairman of BHCC explains: "The investment manager seeks to profit from inefficiencies in corporate restructurings, for instance, going long or short high yield bonds based on the view that a company's fortunes are going to be better or worse". Research into those predictions and positions are undertaken by a team of specialist analysts who know their target companies very well and look for changes in the fundamentals or the technicals.

For this fund, the investment manager trades across a number of different strategies in the credit markets: mortgage backed securities; distressed c......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Credit Suisse cherry picks hedge fund ideas[more]

    From FT.com: Credit Suisse Asset Management plans to cherry pick profitable concepts from hedge funds with the launch in Europe of a “best ideas” strategy. The investment arm of the Swiss bank said the strategy will separate it from other funds blighted by “overcrowding problems”. It comes at a time

  2. Investing - Hedge funds bet on risks in U.S. blue-chip debt, Hedge funds bets against bank credit risk paying off, Tiger Global still likes Internet names, gets pointers from Jeter[more]

    Hedge funds bet on risks in U.S. blue-chip debt From WSJ.com: Hedge funds are betting the next bond sector to crack will be the $4.5 trillion market for the safest U.S. corporate debt. New York’s Perry Capital has placed a $1 billion wager against investment-grade bonds issued by 10 comp

  3. Short Selling - Hedge fund manager Kyle Bass is shorting real estate—again, Top US hedge fund has €80m short position in Paddy Power Betfair[more]

    Hedge fund manager Kyle Bass is shorting real estate—again From Fortune.com: He also predicted the mortgage crisis in 2008. Hedge fund manager Kyle Bass, who runs Dallas-based Hayman Capital, tanked the stock of a little-known real estate financier Friday by revealing that he is shorting

  4. Investing - Real estate secondaries sole 'bright spot' in 2015, As hedge funds stumble, one firm prepares to buy illiquid stakes[more]

    Real estate secondaries sole 'bright spot' in 2015 From IPE.com: The secondary market for property was the sole “bright spot” over the course of 2015, as hedge fund secondaries saw deals fall by two-thirds, according to a wide-ranging survey of the market. Setter Capital said 2015 saw th

  5. Opalesque Exclusive: Directors want to be considered trusted partners by new manager[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: A hedge fund director provides her perspective on emerging hedge fund managers. She will happily work with those who have set themselves up for future growth, s