Two investment vehicles owned by Europe's largest hedge fund, Brevan Howard Asset Management LLP,expect to hold investments in India, under its global-macro fund.

The London-based privately owned investment manager said in a stock exchange filing late last week that it's two funds totalling $15 billion in Mauritius would  hold these investments in India for its Brevan Howard Master Fund.

However, the company does not expect these investments to be of a material nature, at this stage.

The London-based privately owned investment manager said in a stock exchange filing late last week that it has created two funds totalling $15 billion in Mauritius to hold investments made in India for its Brevan Howard Master Fund.

The Brevan Howard Master Fund has four feeder funds - BH Macro Limited and BH Global Limited - both listed on the London Stock Exchange, Brevan Howard Fund Limited, listed on the Irish Stock Exchange, and Brevan Howard LP, an unlisted fund.

The master fund has the flexibility to invest in a wide range of instruments, including but not limited to, debt securities and obligations that may be below investment grade or not rated, bank loans and listed and unlisted equities. It also can invest in other collective investment schemes, currencies, commodities, futures, options, warrants, swaps and other derivative instruments.