Wednesday, 23 July 2014
Last updated 1 hour 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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…