Wednesday, 22 October 2014
Last updated 13 hours ago
Oct 21 2008 | 9:50am ET
Brevan Howard Asset Management is eyeing North American investors with the listing of a pair of its hedge fund vehicles in Bermuda.
The secondary listings of BH Global and BH Macro on the Bermuda Stock Exchange was designed to increase the funds’ liquidity as well as taking advantage of the Caribbean paradise’s regulatory standards, investor base and time zone, Brevan Howard said. The funds have their primary listing on the London Stock Exchange; no new shares were issued in connection with the secondary listing.
“The Bermuda Stock Exchange listing will increase BH Macro’s profile and will give BH Macro access to a wider range of investors,” Ian Plenderleith, the chairman of the fund, said.
Both of the Brevan Howard vehicles are feeder funds, with BH Macro launching last year and BH Global earlier this year. The former has raised in excess of US$1 billion for the former and US$500 million for the latter.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...