Brevan Howard, one of Europe's largest hedge fund managers, has raised an extra $131m (€92m) for its listed hedge fund, despite tough market conditions, bringing the listed vehicle up to $1.4bn which is the amount it had originally hoped to raise in March.

Brevan Howard was one of the first to market with a listed fund, which feeds assets back into its global macro fixed income master fund, and had said it hoped to raise about €1bn or $1.4bn for BH Macro. It had to scale this back when market conditions earlier in the year suppressed demand.