Northern Trust To Administer New $1.1B Fund

Apr 24 2007 | 10:22am ET

Northern Trust has been selected to provide fund administration services to the $1.1 billion BH Macro Limited fund.

The Guernsey-listed fund will invest in the Brevan Howard Master Fund, a $12 billion hedge fund with exposure to global fixed income and foreign exchange markets.

The new BH Macro Limited fund is one of the first single strategy hedge funds to obtain a secondary listing on the London Stock Exchange under the recently revised listing rules in chapter 14 of the Financial Services Authority regulations.

As of March 31, Chicago-based Northern Trust had assets under custody of $3.8 trillion, and assets under investment management of $756 billion.

 


In Depth

GSAM’s Papagiannis on Liquid Alternatives

May 25 2016 | 5:07pm ET

The popularity of liquid alternatives strategies has blossomed in recent years,...

Lifestyle

From Modern Trader: Stephen Curry is a Black Swan

May 18 2016 | 7:43pm ET

What do the rise of the Internet, the sinking of the Titanic, 9/11, and Stephen...

Guest Contributor

LendingClub and the Question of Internal Hedge Funds

May 19 2016 | 8:42pm ET

Peer-to-peer lending platform LendingClub Corp. has been in the news since the firm...