Overview
BH Global is a fund of hedge funds. It invests all of its assets (net of short-term working capital) in the ordinary shares of Brevan Howard Global Opportunities Master Fund Limited an exempted company incorporated with limited liability in the Cayman Islands that in turn invests in a variety of other investment funds which are managed or investment managed by one or more of the Brevan Howard group of affiliated entities in order to provide exposure to a range of strategies, asset classes and geographies that fall within Brevan Howard’s investment activities from time to time.
BH Global has two different currency classes of shares – dollar (BHGU) and sterling (BHGG).
The website can be found here.
Research History
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10 Sep 2020 6 min read
QuotedData’s Investment Companies Roundup – September 2020
Investment Companies Roundup Kindly sponsored by Baillie Gifford and Aberdeen Standard Investments Table of contents New research Performance data Discounts and premiums Money in and out Major news stories Events Guide Appendix – Performance by sector full list New research Here is a list of research we published over August: Aberdeen New Dawn – COVID positive “In […]
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5 min read
QuotedData’s Economic Roundup – September 2020
Economic & Political Roundup Kindly sponsored by Allianz A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell […]
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07 Apr 2020 8 min read
QuotedData’s Investment Companies Roundup – April 2020
Investment Companies Roundup Kindly sponsored by Baillie Gifford and Aberdeen Standard Investments Table of contents New research In this issue Performance data Discounts and premiums Money in and out Major news stories Income Events Guide Appendix – Performance by sector full list New research Here is a list of research we published over March: An update note […]
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11 Sep 2019 3 min read
QuotedData’s investment companies roundup – September 2019
Investment Companies Roundup Kindly sponsored by Baillie Gifford New research Over August, we published notes on Aberdeen Emerging Markets and JLEN Environmental Assets . You can read all these notes by clicking on the links above or by visiting www.quoteddata.com. In this issue Performance data – appetite for risk was generally down in August, as […]
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05 Jul 2019 3 min read
QuotedData’s investment companies roundup – July 2019
Investment Companies Roundup New research Over June, we published notes on CQS Natural Resources Growth and Income, Standard Life Private Equity and Shires Income. You can read all these notes by clicking on the links above or by visiting www.quoteddata.com. In this issue Performance data – there was a greater appetite for risk in June as […]
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07 Feb 2018 2 min read
QuotedData investment companies roundup – February 2018
QuotedData investment companies roundup – February 2018 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of January 2018. Kindly sponsored by Baillie Gifford. The oil price was up again over the month and this helped propel […]
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10 Nov 2017 1 min read
QuotedData investment companies roundup – November 2017
QuotedData investment companies roundup – November 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of October 2017. Kindly sponsored by Baillie Gifford. November Investment Companies Roundup Globalworth Real Estate’s discount was eliminated after it announced […]
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14 Sep 2017 1 min read
QuotedData investment companies roundup – September 2017
QuotedData investment companies roundup – September 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of August 2017. Kindly sponsored by Baillie Gifford. September Investment Companies Roundup Winners and losers in August Ashmore Global’s […]
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16 May 2017 2 min read
QuotedData investment companies roundup – May 2017
QuotedData investment companies roundup: Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of April 2017. Kindly sponsored by Baillie Gifford. Money in: The only new launch in April was EJF Investments, a £69m fund trying to take advantage of […]
News
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01 Jul 2021 2 min read
BH Macro issues prospectus and update on merger with BH Global
BH Macro issues prospectus and update on merger with BH Global – The board of BH Macro (BHMG) has published its prospectus regarding the issue of its shares pursuant to the proposed combination with BH Global (BHGG), the latter of which will take part in a scheme of reconstruction and winding up, as announced earlier […]
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04 Jun 2021 1 min read
QuotedData’s weekly news show 4 June 2021
QuotedData’s weekly news show 4 June 2021 Thank you to everyone that listened in today, whether you watched the Zoom live, on Facebook or on Youtube. In this week’s show, James Carthew covered the week’s top stories: Scottish Investment Trust update Performance fees this week – Lindsell Train, Worldwide Healthcare, Aurora Brevan Howard funds merger […]
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01 Jun 2021 3 min read
BH Macro and BH Global agree heads of terms for proposed combination
BH Macro and BH Global agree heads of terms for proposed merger – The boards of BH Macro and BH Global, and Brevan Howard Capital Management LP, the manager of both BH Macro and BH Global, have agreed heads of terms in respect of the proposed combination of BHMG with BHGG. The combination will be […]
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17 May 2021 2 min read
QuotedData’s morning briefing 17 May 2021
In QuotedData’s morning briefing 17 May 2021 – Baillie Gifford European Growth’s (BGEU’s) interim results to 31 March 2021 brought a total NAV return of 8.7%, which it says compared with a total return of 12.2% for the FTSE Europe ex UK index, in sterling terms. BGEU#s shareholder return over the same period was 11.7%. […]
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13 Apr 2021 2 min read
QuotedData’s morning briefing 13 April 2021
In QuotedData’s morning briefing 13 April 2021: Augmentum Fintech (AUGM) has sold its holding in Dext (formerly Receiptbank). The UK-headquartered digital bookkeeping platform is being acquired by Hg (HGT) for £10.5m. The investment was valued at cost (£7.5m) and made Augmentum an IRR of 30.5%. Separately, Augmentum has made a further follow on equity investment of €2m […]
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12 Apr 2021 1 min read
Investec sounds out the boards of BH Global and BH Macro on a possible combination
Investec Wealth & Investment (Invested), the largest shareholder in Brevan Howard-managed BH Macro (BHMG) and a major shareholder in BH Global (BHGG), has approached the boards of both funds with a view to a possible combination. Potential combination would include an exit opportunity for those shareholders wishing to exit BHMG said the following in a statement this […]
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30 Mar 2021 2 min read
BH Global profits from market turmoil
BH Global profits from market turmoil – BH Global has published results for 2020 that show its US dollar share class earning returns of 22.4% in NAV terms and 21.8% for the Sterling class. Narrowing discounts meant that in share price terms the dollar class made 27.9% and the Sterling class 26.9%. In terms of the […]
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19 Feb 2021 1 min read
QuotedData’s weekly news show 19 February 2021
QuotedData’s weekly news show 19 February 2021 Thank you to everyone that listened in today, whether you watched the Zoom live, on Facebook or on Youtube. In this week’s show, James Carthew covered the week’s top stories: JLEN Environmental Assets expanding remit KKV Secured Loan update BH Global – shareholders to vote on BH Global fees […]
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16 Feb 2021 2 min read
Shareholders will vote on BH Global fees
Shareholders will vote on BH Global fees – BH Global’s board has been thinking about how to respond to the investment manager’s letter demanding a fee increase. The manager asked that the fee rate be increased from 1% to 2% and that this increased rate be applied unconditionally to the NAV, removing from the calculation the […]
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21 Dec 2020 1 min read
QuotedData’s morning briefing 21 December 2020
In QuotedData’s morning briefing 21 December 2020 – Schroder British Opportunities (SBO) announced its investment into Learning Curve Group (LCG), described as a leading private UK training and education specialist. SBO invested alongside Agilitas, a pan-European mid-market private equity firm. LCG represents SBO’s first private equity investment. LCG provides opportunities for over 120,000 learners and 4,500 employers […]
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20 Aug 2020 1 min read
QuotedData’s morning briefing 20 August 2020
In QuotedData’s morning briefing 20 August 2020: Great Portland Estates is issuing £150m of new unsecured US private placement notes. The Sterling denominated notes cover 12 year and 15 year maturities (weighted average of 14.5 years) and have a weighted average fixed rate coupon of 2.77%. The new issue priced on 5 August and, subject to […]
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21 Aug 2019 1 min read
QuotedData’s other news 21 August 2019
In QuotedData’s other news 21 August 2019 Regional REIT has made a sizeable acquisition – six office assets for £25.9m, comprising offices located in Birmingham, Bristol, Cardiff, Chester, Glasgow and Manchester. The assets total circa 172,442sq. ft. and are expected to provide a net income of approximately £2.36m a year from 27 tenants; equating to a net […]
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27 Mar 2019 1 min read
Interest rate trading drives returns for BH Global in 2018
Interest rate trading drives returns for BH Global in 2018 – BH Global, the fund of hedge funds, has announced that the NAV of its USD share class (BHGU) appreciated by 6.55% in the year to December 31, 2018. USD is the company’s financial currency but it has a larger class of sterling shares (BHGG), which […]
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13 Apr 2017 3 min read
Fees slashed on BH Global but read the small print!
The board BH Global Limited has announced that following discussion with the manager, they have agreed a reduction to the management fee from two per cent. to one per cent. of net asset value per annum. The board believes that the reduction in the management fee is a very positive enhancement for investors and a significant affirmation by the […]
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15 Nov 2016 1 min read
UIL, Industrial Multi Property Third Quarter Winners – QuotedData
LONDON (Alliance News) – The best performer in both price and net asset value terms in the third quarter was UIL Ltd, boosted by its largest investment, Australian-listed Resolute Mining Ltd, which benefited from a strong gold price. Industrial Multi Property Trust PLC and Kubera-Cross Border Fund Ltd both saw recoveries in their share price […]
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23 Mar 2016 2 min read
BH Global reports fall in NAV
Over the twelve months to 31 December 2015, the Net Asset Value both classes of the shares of BH Global Limited declined modestly over a calendar year for the first time since the company was launched in May 2008. The US Dollar is the functional currency of the company and the NAV per share of the US […]
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27 Aug 2015 2 min read
26 August interim results roundup
A quick summary of interim results for periods ended 30 June 2015 announced on 26 August 2015 APAX Global Alpha reported its first set of results since listing. Its NAV was up 8% over H1 2015 t0 €1.79. BH Global said at the six month stage on 30 June 2015 the Net Asset Value per […]
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24 Mar 2015 1 min read
Negligible returns in 2014 for Brevan Howard Global
Brevan Howard Global reports net asset value growth of 2.5% for the US dollar share class and 2.1% for the Sterling share class. The Chairman makes the point that “An investment in the shares of BH Global is intended to be a portfolio diversifier that is only modestly correlated with equity markets and is subject […]
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27 Mar 2014 1 min read
BH Global : BHGE, BHGG, BHGU – final results
BH Global has announced results for the year ended 31 December 2013. The net asset value of the US dollar share class rose by 1.79% in 2013, the NAV of the Euro shares rose by 1.47% and the NAV of Sterling share class rose by 2.32%. Recent continuation votes held for each share class mean that the euro class will […]
