BH Macro GBP (Ordinary Share) BHMG

Hedge Funds

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Estimated NAV

2264.00

Share Price

2082.67

Total Returns on £1000 over 

Fund / Benchmark Total returns(%)
BH Macro GBP (Ordinary Share) Price 0.14%
BH Macro GBP (Ordinary Share) NAV 6.53%
FTSE World 45.22%
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 2086.0 -7.9% 2264.00 2156.00
30 Jun
100%

Discrete performance % over

Fund / BenchmarkJan '14
Dec '14
Jan '15
Dec '15
Jan '16
Dec '16
BH Macro GBP (Ordinary Share) Price-2.310.991.51
BH Macro GBP (Ordinary Share) NAV0.752.563.09
FTSE World13.014.6022.86

Discrete performance over

Discrete Performance

Top 10 Holdings

Herald Investment Trust 1.19%
Dunelm Group PLC 0.98%
Schlumberger-USA 0.68%
Halliburton-USA 0.60%
Amlin Plc 0.57%
Croda International 0.54%
Persimmon Plc 0.53%
Dominos Pizza 0.46%
National Grid 0.43%
Imi PLC 0.42%

Sectors weighting

Hedge Funds 100.00%
  • Investment trust info:

  • Sector Hedge Funds
  • Launch Date 14 Mar 2007
  • Currency GBX
  • Domicile Guernsey
  • Share Price 2082.67
  • Share Type Ordinary Share
  • TIDM BHMG
  • ISIN GG00B1NP5142
  • Shares Issued (M) 22
  • Market Capital (£M) 463.03
  • Gross Assets (£M) 502.49
  • Net Assets (£M) 502.49
  • TER (%) 1.94
  • Last AGM 25 Jun 2016
  • Next AGM 25 Jun 2017
  • Last Annual Report Date 15 Apr 2016
  • Next due Report Date 31 Dec 2016
  • Next due Report Type A/R
  • Objective:

  • To generate consistent long-term appreciation through active leveraged trading and investment on a global basis.
  • Management Group(s):

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

  • Not Disclosed Start: 21 Jun 2010
  • Management Contract & Fees:

    The Management Agreement will be amended to provide for the management fee and performance fee to be paid to the Manager as follows: For the provision of the services under the Management Agreement, the Manager will be entitled to receive a management fee equal to 1/12 of 2% p.m. of the NAV of each class of Shares calculated as at the last business day in each month and payable monthly in arrears. Effective from 03-Oct-16, the Manager will waive its entitlement to a management fee in respect of any performance-related growth of the Company. In addition to the management fee, the Manager will be entitled to receive a semi-annual performance fee payable in arrears equal to the aggregate of 20% of the appreciation (if any) in the NAV of each class of Shares, since the end of the period in respect of which a performance fee was last earned i.e., a high water mark. The high water mark will initially be set at a level agreed between the Company and the Manager that is intended to take account of the extent to which any of the Company's existing underlying investments are performing below existing high water marks immediately prior to their contribution to BHMS. The high water mark will be announced to Shareholders by regulatory information service once it has been determined. The performance fee will accrue on an ongoing basis and accruals will be reflected in the Company's published NAV.