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Investment trust info:
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Sector
Hedge Funds
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Launch Date
14 Mar 2007
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Base Currency
GBX
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Domicile
Guernsey
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Share Price (p)
22.70
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Share Type
Ordinary Share
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TIDM
BHMU
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ISIN
GG00B1NPGV15
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Shares Issued (M)
28
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Market Capital (£M)
424.99
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Gross Assets (£M)
416.98
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Net Assets (£M)
416.98
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TER (%)
1.99
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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
04 Apr 2013
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Next due Report Date
30 Jun 2013
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Next due Report Type
I/R
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Objective:
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A feeder fund to Brevan Howard Master Fund, whose objective is to generate consistent long-term appreciation through active leveraged trading and investment on a global basis.
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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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Nagi Kawkabani
Start: 14 Mar 2007
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Team Managed
Start: 14 Mar 2007
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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 will receive a monthly fee equivalent to 2% per annum of the Net Asset Value of each class of Shares. In addition, the Manager is entitled to receive an annual Performance fee equal to the aggregate of 20% of the appreciation in the NAV per share of that class during that calculation period which is above the base NAV per share of that class. The Manager will be paid an estimated performance on the last day of the calculation period. Within 15 business days following the end of the calculation period, any difference between the actual performance fee and the estimated amount will be paid to or refunded by the Manager, as appropriate. The Master Fund itself is not subject to performance fees. The Management Agreement may be terminated by either party giving 24 months notice. The Administrator will be entitled to receive a fee of 0.015% of the average monthly Net Asset Value of the Company calculated as at the last valuation day in each month during the relevant quarter, subject to a minimum fee of GBP67,500 per annum payable quarterly in arrear.
