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Report: Asset manager Brevan Howard shifts to retail investors for 2 new funds

Brevan HowardAsset Management LLP is looking to selected retail investors toraise money for two funds, the FinancialTimes reported May 6.

The asset manager's shift to retail investments follows anincrease in redemptions and a fall in AUM to about $20 billion from a high ofalmost $40 billion.

The company will appoint senior macro and risk managers tosupervise the portfolios of the two new funds, which were set up in December2015, the report added. The funds are the Brevan Howard LiquidPortfolio Strategies.