2012 has proved a profitable year for the Brevan Howard Credit Catalysts Ltd. (BHCC) fund which has enjoyed a year to date return of 12.7% and seen assets under management increase to $183.5m, while it sits at a discount of about 3.5%.

The fund is the listed feeder fund which feeds into the $2.9bn BHCC Master Fund, managed by David Warren of DW Invest