Less Ads, More Data, More Tools Register for FREE

BH Global Proposes Change To Investment Policy

Fri, 04th Apr 2014 15:19

LONDON (Alliance News) - BH Global Ltd Friday said it has put out a proposal to amend its investment policy, which would allow it to invest all of its assets, excluding cash retained for working capital, into Brevan Howard Multi-Strategy Master Fund Ltd.

The closed-ended investment company said that the recommended proposal includes allowing it to invest all of its assets in Brevan Howard Multi-Strategy Master Fund, an open-ended investment company it has managed since 2008 and which currently has assets under management of USD4.3 billion.

BH Global believes that amending its investment policy, will allow it to take advantage of the increased flexibility and direct exposure to trading talent across the Brevan Howard group, which it said will benefit the return profile of the company.

Under the proposed new arrangements, fees borne by BH Global's shareholders would amount, in aggregate, to a 2% management fee per year, and a performance fee of 20% payable on the performance of Brevan Howard as a whole.

"The proposal, if approved, would not be implemented until after completion of the Euro class closure process that is currently in operation," the firm said.

By Rowena Harris-Doughty; rowenaharrisdoughty@alliancenews.com; @rharrisdoughty

Copyright © 2014 Alliance News Limited. All Rights Reserved.

Related Shares

More News
28 May 2021 20:00

TRADING UPDATES: Sanne rejects Cinvin; BH Macro, BH Global to merge

TRADING UPDATES: Sanne rejects Cinvin; BH Macro, BH Global to merge

7 Apr 2021 21:37

IN BRIEF: BH Global net asset value increases in 2020

IN BRIEF: BH Global net asset value increases in 2020

16 Feb 2021 21:44

BH Macro And BH Global Put Investment Manager Demands To Vote

BH Macro And BH Global Put Investment Manager Demands To Vote

22 Jan 2021 14:03

BH Macro And BH Global Managers Demand End To Fee Concessions

BH Macro And BH Global Managers Demand End To Fee Concessions

20 Aug 2020 15:47

BH Global Record Strongest Half Since Launch In "Exceptional" Period

BH Global Record Strongest Half Since Launch In "Exceptional" Period

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.