You are hereHome
BH Global and BH Macro announce secondary listing in Dubai
Source: BI-ME , Author: Justin Smith
Posted: Tue November 11, 2008 12:00 am

UAE.  BH Global and BH Macro, the two London Stock Exchange (LSE)-listed closed-ended feeder funds managed by Brevan Howard Offshore Management, have listed on the Dubai International Financial Exchange (DIFX) today.

The US Dollar denominated share classes of both companies are now listed on the DIFX, in addition to the listing of those shares on the LSE and on the Bermuda Stock Exchange. No additional capital raising is being undertaken and no new securities are being issued by either company in connection with the listing on the DIFX.

BH Global solely invests 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 funds managed by the Brevan Howard group of affiliated entities to provide exposure to a range of strategies, asset classes and geographies.

BH Macro invests all of its assets (net of cash retained for working capital) in the Brevan Howard Master Fund. The Brevan Howard Master Fund is a global macro/relative value absolute return fund which has exposure primarily to global fixed income and FX markets.

“We are very pleased to be one of the first funds to list on the Dubai International Financial Exchange,” said Lord Turnbull, Chairman of BH Global.

“The listing should enhance BH Global’s profile in the area and increase our opportunities to strengthen further and diversify BH Global’s shareholder base.”

The Chairman of BH Macro, Ian Plenderleith, added: “The listing in Dubai should increase secondary market liquidity for BH Macro. Because of the DIFX’s strategic position between Western Europe and East Asia, and because of the exchange’s close links to investors in its own region and around the world, we anticipate considerable additional investor interest.”

Brevan Howard is one of the largest hedge fund managers in Europe with more than US$26 billion of assets under management (as at 30 September 2008).

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: August 29, 2014
KUEAIT. There is plenty of potential in the Kuwaiti market, should investor interest remain and the government carries out its proposed spending plans. The government's 2014/15 budget is expansionary, with expenditure growth of 3.2% to US$77.3 billion.
date:Posted: August 28, 2014
SAUDI ARABIA. The Saudi Arabian index is the region's most diverse capital market due to its size and maturity; Jadwa Investment views the opening up of the Tadawul as an overall positive but believes a cautious and considered path to reform is the best way forward, much like the Chinese example.
date:Posted: August 28, 2014
LEBANON. The results of the Byblos Bank/AUB Consumer Confidence Index show a marginal improvement in January and February, picking up pace in March and April, and regressing in May and June 2014.
KUEAIT. There is plenty of potential in the Kuwaiti market, should investor interest remain and the government carries out its proposed spending plans. The government's 2014/15 budget is expansionary, with expenditure growth of 3.2% to US$77.3 billion.
dhgate