AI market round-up: Hedge fund IPOs

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By:
Helen Avery
Published on:

UK-based fund Brevan Howard has raised $1 billion in an IPO of its feeder fund, BH Global, double its original target. The fund will invest in five of Brevan Howard’s hedge funds. Canadian firm Sprott Asset Management also went public last month, with a $225 million IPO. It was the biggest IPO in Canada in the past five months.