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Investment trust info:
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Sector
Hedge Funds
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Launch Date
23 May 2008
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Base Currency
GBX
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Domicile
Guernsey
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Share Price (p)
12.30
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Share Type
Ordinary Share
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TIDM
BHGU
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ISIN
GG00B2QQPS89
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Shares Issued (M)
12
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Market Capital (£M)
95.24
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Gross Assets (£M)
106.07
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Net Assets (£M)
106.07
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TER (%)
0.69
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Last AGM
18 Jun 2012
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Next AGM
10 Jun 2013
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Last Annual Report Date
12 Apr 2012
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Next due Report Date
31 Dec 2012
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Next due Report Type
A/R
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Objective:
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To seek to generate consistent long-term capital appreciation through an investment policy of investing all of its assets in the Brevan Howard Global Opportunities Master Fund.
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Management Group(s):
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Brevan Howard Capital Management LP
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Brevan Howard Offshore Management Ltd
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Managed by:
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Team Managed
Start: 23 May 2008
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Team Managed
Start: 21 Jun 2010
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Team Managed
Start: 21 Jun 2010
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Team Managed
Start: 21 Jun 2010
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Management Contract & Fees:
The Manager is entitled to receive a Management Fee equal to 1/12 of 0.5% per month of the Net Asset Value of each class of Shares under the Management Agreement. In addition, management and performance fees will be levied at the level of the underlying investments of the Brevan Howard Global Opportunities Master Fund. No performance fees will be charged at the level of the Company. If the Company wishes to terminate the Management Agreement without cause it is required to give the Manager not less than 24 months paid notice. The Administrator is entitled to receive a fee of 0.03% per annum on the first USD1 billion of net assets of the Company and then 0.01% per annum thereafter, calculated as at the last valuation day in each month, subject to a minimum fee of GBP115,000 per annum.
