Brevan Howard, the UK alternative fund management company, has become the second such asset manager in less than a week to press ahead with plans for a London fund float as it seeks to raise $500 million (€320 million), according to media reports. The hedge fund manager said last month it was considering a fresh fund listing and has confirmed it will proceed with the plan. The fund is called BH Global. Brevan Howard’s decision to access the equity markets with a fund listing comes just four days after fund of hedge funds group Financial Risk Management revealed plans to list its flagship diversified fund. BH Global, which is likely to be launched towards the end of May, according to a source familiar with the situation, according to iReuters, will be listed on the London Stock Exchange's main market and is considering applying to list its US dollar shares on the Dubai International Financial Exchange. BH Global is a feeder fund into Brevan Howard Global Opportunities Master fund, which will invest up to 40 per cent of assets in the Brevan Howard Master fund, and 10-20 per cent each in the Equity Strategies Master fund, the Asia Master fund, the Emerging Markets Strategies Master fund and the Strategic Opportunities fund. Last year, Brevan Howard launched BH Macro, a feeder fund into the Brevan Howard Master fund.