BH Global GBP (Ordinary Share) BHGG

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Estimated NAV (p)

1330.00

Share Price (p)

1198.00

Total Returns on £1000 over 

Fund / Benchmark Total returns(%)
BH Global GBP (Ordinary Share) Price 3.15%
BH Global GBP (Ordinary Share) NAV 4.31%
FTSE World 49.52%
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 1194.0p -10.2% 1330.00p 1330.00p
22 Aug
100%

Discrete performance % over

Fund / BenchmarkOct '11
Sep '12
Oct '12
Sep '13
Oct '13
Sep '14
BH Global GBP (Ordinary Share) Price-0.442.371.20
BH Global GBP (Ordinary Share) NAV-0.633.471.45
FTSE World10.0519.9613.26

Discrete performance over

Discrete Performance

Top 10 Holdings

Brevan Howard Master Fund 52.95%
Brevan Howard Credit Catalysts 16.73%
Brevan Howard Asia Master Fund Limited 9.94%
BH Systematic Trading Master Fund 7.87%
BH Commodities Strategies Master Fund 6.40%
BH Emerging Mkts Local Fixed Income 3.44%
BH Credit Value Master Fund 2.56%

Sectors weighting

Commodities 30.50%
Fixed Income Arbitrage 22.40%
Long/Short Equities 14.20%
Foreign Exchange 13.20%
Credit 11.20%
Multi-Strategy Opportunty 10.20%
Net Current Assets -1.60%
  • Investment trust info:

  • Sector Hedge Funds
  • Launch Date 23 May 2008
  • Base Currency GBX
  • Domicile Guernsey
  • Share Price (p) 1198.00
  • Share Type Ordinary Share
  • TIDM BHGG
  • ISIN GG00B2QQPT96
  • Shares Issued (M) 28
  • Market Capital (£M) 334.73
  • Gross Assets (£M) 372.91
  • Net Assets (£M) 372.91
  • TER (%) 0.75
  • Last AGM 02 Jul 2014
  • Next AGM 02 Jul 2015
  • Last Annual Report Date 15 Apr 2014
  • Next due Report Date  
  • Next due Report Type I/R
  • Objective:

  • To seek to generate consistent long-term capital appreciation through an investment policy of investing all of its assets in Brevan Howard Multi-Strategy Master Fund Limited,
  • 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:

    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. In addition to the management fee, the Manager will be entitled to receive a semi-annual performance fee payable in arrear 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 on-going basis and accruals will be reflected in the Company's published NAV.