(July 31, 2012, Beijing, China) China International Capital Corporation Hong Kong Asset Management Limited (“CICCHKAM”), a subsidiary of China International Capital Corporation Limited (“CICC”), and Brevan Howard Capital Management LLP (“Brevan Howard”) have today announced a collaboration to establish a new global macro fund-of-funds which will invest into a range of Brevan Howard funds.

The fund, which will be managed solely by CICCHKAM, intends to allocate its capital in a number of funds currently managed by Brevan Howard. The fund will offer privileged access to a range of Brevan Howard managed funds, some of which have limited availability. Its objective is to generate strong risk adjusted return in a wide range of market conditions by giving investors broad-based exposure predominately to macro trading strategies across multiple asset classes. An offshore Renminbi (CNH) share class will also be available which reflects the broad offshore investor demand for CNH exposure. The strong returns of many of Brevan Howard’s strategies to date have made them highly popular with institutional investors.

Nagi Kawkabani, a Founding Partner of Brevan Howard, said: “We are very pleased to be collaborating with CICCHKAM for their global macro fund-of-funds offering. We look forward to working closely with CICCHKAM to develop the investor base for hedge funds in Asia. We see hedge funds as an integral part of sophisticated investors’ portfolios.”

Lucy Miu, Managing Director of CICCHKAM, said: “The fund is the second of its kind to be launched by us. We strive to provide the exclusivity and accessibility of various premium investment solutions to our clients. Through investing into the combination of various funds and strategies, we aim to achieve superior return for our clients through asset allocation and diversification. Our focus is on providing excellent investment management products and services to our clients, leveraging the merits of CICC’s integrated platform and collaboration with prominent global market participants. Through rigorous due diligence and ongoing risk monitoring, the platform offers a selection of best of breed, value‐added financial products of various asset classes and access to Chinese‐centric and global investment management solutions.”