|Brevan Howard Asset Management LLP has begun raising assets from outside investors for its new Brevan Howard Commodities Strategies Master Fund Ltd. According to Bloomberg, the new hedge fund invests in the energy and commodities sectors, mostly through options and futures.|
Managed by commodities desk head Stephane Nicolas, the fund received $200 million from parent company Brevan Howard when it launched on March 1st. Stephane Nicolas was head of Bank of America’s energy options desk from 2001 to 2004 before he joined Brevan Howard, where he is now a partner. He also has had experience working at Societe General in Chicago and DRW Trading in London.