BH Global GBP (Ordinary Share) BHGG

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Estimated NAV (p)

1311.00

Share Price (p)

1203.25

Total Returns on £1000 over 

Fund / Benchmark Total returns(%)
BH Global GBP (Ordinary Share) Price 10.93%
BH Global GBP (Ordinary Share) NAV 8.26%
FTSE World 28.16%
Total Returns on £1000

Discount / Premium Movement

Discount / Premium Movement

Shares

Share Type Yesterday's
Closing Price
Discount / Premium Diluted NAV Gearing Dividend
Est Last
Ordinary Share 1201.0p -8.4% 1311.00p 1311.00p
11 Apr
100%

Discrete performance % over

Fund / BenchmarkMay '11
Apr '12
May '12
Apr '13
May '13
Apr '14
BH Global GBP (Ordinary Share) Price8.881.800.08
BH Global GBP (Ordinary Share) NAV4.546.24-2.53
FTSE World-1.5420.118.37

Discrete performance over

Discrete Performance

Top 10 Holdings

Brevan Howard Master Fund 50.50%
Brevan Howard Credit Catalysts 17.17%
Brevan Howard Asia Master Fund Limited 10.93%
BH Systematic Trading Master Fund 8.36%
BH Commodities Strategies Master Fund 6.80%
BH Emerging Mkts Local Fixed Income 3.57%
BH Credit Value Master Fund 2.68%
Brevan Howard Emerging Markets Strategie 0.22%

Sectors weighting

Commodities 24.20%
Foreign Exchange 16.10%
Long/Short Equities 14.40%
Fixed Income Arbitrage 12.60%
Credit 11.70%
Multi-Strategy Opportunty 10.80%
Net Current Assets 10.30%
  • Investment trust info:

  • Sector Hedge Funds
  • Launch Date 23 May 2008
  • Base Currency GBX
  • Domicile Guernsey
  • Share Price (p) 1203.25
  • Share Type Ordinary Share
  • TIDM BHGG
  • ISIN GG00B2QQPT96
  • Shares Issued (M) 29
  • Market Capital (£M) 352.47
  • Gross Assets (£M) 384.65
  • Net Assets (£M) 384.65
  • TER (%) 0.75
  • Last AGM 10 Jun 2013
  • Next AGM 10 Jun 2014
  • Last Annual Report Date 15 Apr 2014
  • Next due Report Date  
  • Next due Report Type I/R
  • Objective:

  • 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.
  • Management Group(s):

  • Brevan Howard Capital Management LP
  • Brevan Howard Offshore Management Ltd
  • Managed by:

  • Team Managed Start: 23 May 2008
  • Team Managed Start: 21 Jun 2010
  • Team Managed Start: 21 Jun 2010
  • Team Managed Start: 21 Jun 2010
  • Team Managed Start: 21 Jun 2010
  • Management Contract & Fees:

    On 21-Jun-10 Brevan Howard Capital Management LP replaced Brevan Howard Offshore Management as the Manager of the fund. 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% p.a. on the first USD1bn of net assets of the Company and then 0.01% p.a. thereafter, calculated as at the last valuation day in each month, subject to a minimum fee of GBP115,000 p.a. In addition to the NAV based fee the Administrator is also entitled to an annual fee of GBP36,000 for certain additional administration services. The Administrator is entitled to be reimbursed out-of-pocket expenses incurred in the course of carrying out its duties as Administrator.

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