BH Global, the fund floated today by UK hedge fund manager Brevan Howard, raised more money in its sterling-denominated shares than in any other currency, in the clearest indication yet that UK institutional investors have taken to hedge funds.
A spokesman for BH Global, said £240m (â¬300m) was raised in sterling shares while $376m (â¬240m) was raised in dollar shares and â¬115m in euro shares. The fund raised a total of $1bn to invest in funds run by Brevan Howard.
