Objective
To generate consistent long-term appreciation through active leveraged trading and investment on a global basis.
AIC sector
Management group
Brevan Howard Capital Management
Company website
Launch date
14/03/2007
Domicile
Guernsey
Fund manager
Not Disclosed
Dividend frequency
Annually
Wind-up provisions
In the event that the Company’s aggregate NAV at the end of any calendar quarter for all share classes combined is lower than US$300 million (on the basis of the then prevailing exchange rate), the Board will be required to propose a vote to Shareholders for the liquidation of the Company. If the vote were to be passed by Shareholders and the Company placed into liquidation, the Management Agreement would be terminated and the Company would be required to pay the Manager a payment equal to 2% of the Company’s NAV (net of any Annual Buy Back Allowance for the relevant calendar year that remains unused), in lieu of the Management Fee that would otherwise have been payable if the Management Agreement had been terminated on 12 months’ notice, in addition to any other fees owing to the Manager at the time of termination of the Management Agreement. These arrangements effectively replicate the previous position under the Management Agreement if the Management Agreement were to have been terminated without notice having been served as a result of Shareholders voting to wind up the Company. Further, there would be no obligation on Shareholders to vote in favour of the liquidation in these circumstances.
Total assets (m) Market Cap (m) Price (last close) NAV Dividend dates Discount / premium (%) Gearing (%) Dividend yield (%) Ongoing charge (%)
1,255.19 1,286.31 4,390.00 3,983.00 Dec 10.22 0 0.00 2.39 (31/12/2021)
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Note

Dividends

Dividends declared in last 12 months

There have been no dividends in the last 12 months.

Performance (%)

Return type 1 year 3 years 5 years 10 years
BH Macro Share price total return 31.0 60.2 129.2 128.9
Hedge Funds AIC sector Share price total return 6.2 45.9 51.4 106.2
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Share structure

Number of shares
29,300,854

Traded volumes (number of shares)

  Yesterday 1 month 1 year 5 years
Total 91,123 1,741,434 15,899,347 44,157,648
Average N/A 87,072 63,093 35,270
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Traded values (m)

  Yesterday 1 month 1 year 5 years
Total 4.00 77.09 615.70 1,378.93
Average N/A 3.85 2.44 1.10
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Trading details

ISIN TIDM Traded currency Stock exchange
GG00B1NP5142 BHMG GBX London Stock Exchange - MAIN
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Top holdings

Data as at : 30/11/2021

Investment % of total assets
MF Core 47.4
BHAL 27.5
BHFG 7.6
BHMB 7.5
BHAS 5.8
BHGV 4.2

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FE fundinfo logo Company documents provided by FE fundinfo.