This page includes Regulatory news filings supplied by issuers listed on the BSX. Please note the BSX is not responsible for the content, accuracy or completeness of announcements filed by issuers and disclaims all liability for any loss arising from reliance on information contained within issuer announcements.
BH Global And.BH Macro Announce Secondary Listing In Bermuda
Hamilton, Bermuda: 20 October 2008 -.BH Global Limited and.BH Macro Limited, the two London-listed closed-ended feeder funds managed by Brevan Howard Offshore Management Limited today listed on the Bermuda Stock Exchange (BSX).
No additional capital raising is being undertaken and no new securities are being issued by either company in connection with the Bermudian listings.
Both.BH Global and.BH Macro are feeder funds, with.BH Global solely investing in the Brevan Howard Global Opportunities Master Fund. The Brevan Howard Global Opportunities Master Fund seeks to spread risk by investing in a variety of underlying funds managed by Brevan Howard to provide exposure to a range of strategies, asset classes and geographies.
BH Macro invests in the Brevan Howard Master Fund, whose investment objective is to generate consistent long-term appreciation through active leveraged trading and investment on a global basis. The Brevan Howard Master Fund employs a combination of investment strategies that focus primarily on economic change, monetary policy and market inefficiencies.
"This underlines our commitment to broadening.BH Global's shareholder base and thereby increasing secondary market liquidity," noted Lord Turnbull, chairman of.BH Global.
"The Bermuda Stock Exchange listing will increase.BH Macro's profile and will give.BH Macro access to a wider range of investors," added Ian Plenderleith, chairman of.BH Macro.
Greg Wojciechowski, President & CEO of the BSX, stated, "We are delighted to welcome.BH Global Limited and.BH Macro Limited to the Official List of the BSX. These two Brevan Howard managed funds join a prestigious group of international funds and corporate entities that have listed on the BSX."
END
ENQUIRIES
Anthony Payne/ Paul Mungo, Peregrine Communications
Tel (Direct): +44 (0) 20 3178 6869/ +44 (0) 20 3178 6872
Tel (Mobile): +44 (0) 7930 643 983/+44 (0) 7941 225 651
anthony.payne@peregrinecommunications.co.uk
paul.mungo@peregrinecommunications.co.uk