Sunday, 29 November 2015
Last updated 1 day 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.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…