Monday, 31 August 2015
Last updated 39 min ago
Mar 7 2007 | 10:13am ET
Brevan Howard’s publicly-listed fund on the London Stock Exchange is shaping up to be something of a disappointment, according to published reports.
The London-based hedge fund manager may fall short of its €1 billion (US$1.3 billion) target for the listed fund, the BH Macro Fund, which will invest its assets in Brevan’s Master Fund.
The firm is reportedly asking current investors in the $11.3 billion Master Fund to move money into the new fund, which charges a substantially lower performance fee, 20%, than the existing fund, which charges 25%. Both charge a 2% management fee.
The Macro Fund’s shares are on offer until March 8.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…