30th Jul 2014 16:06
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| BH GLOBAL LIMITED INVESTOR STATEMENT For the quarter ended 30 June 2014
YOUR ATTENTION IS DRAWN TO THE DISCLAIMER AT THE END OF THIS DOCUMENT © Brevan Howard Capital Management LP (2014). All Rights Reserved. | |
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Overview and Objective | This Investor Statement covers the period of 1 April 2014 to 30 June 2014 and is being circulated to satisfy the quarterly account statement obligations of the commodity pool operator of BH Global Limited ("BHG") pursuant to CFTC Regulation 4.7. |
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Company Size
| The total net assets of BHG are summarised as follows:
Source: Northern Trust International Fund Administration Services (Guernsey) Limited ("Northern Trust") Figures are rounded to one decimal place. |
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Share Capital | The number of shares in issue in each share class of BHG is summarised as follows:
Source: Northern Trust
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Performance Review
| The closing share price* of each share class of BHG is summarised as follows:
Source: Bloomberg
The NAV per share* of each share class of BHG is summarised as follows:
* NAV performance is provided for information purposes only. Shares in BHG do not necessarily trade at a price equal to the prevailing NAV per Share. Source: BHG's Net Asset Value per Share data is provided by BHG's Administrator, Northern Trust, and is based on BHGO Net Asset Value data provided by the Administrator of BHGO, International Fund Services (Ireland) Limited. BHG's Net Asset Value data in this report is unaudited and net of all investment management fees and all other fees and expenses payable by BHG and BHGO. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS
Further details of monthly performance information and the outlook of the BHG can be obtained from BHG's Shareholder Reports, copies of which can be found on BHG's website: www.bhglobal.com
To the best of my knowledge and belief, the information detailed in this statement is accurate and complete: By:
Name: David Barton Title: Head of Legal and Authorised Signatory Brevan Howard Capital Management Limited as general partner of Brevan Howard Capital Management LP, the manager and commodity pool operator of BH Global Limited.
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Important Legal Information and Disclaimer
BH Global Limited ("BHG") is a feeder fund to Brevan Howard Global Opportunities Master Fund Limited (together "the Funds"), which invests in a range of funds of which one or more of the Brevan Howard group of affiliated entities is the manager or investment manager (the "Underlying Funds"). Brevan Howard Capital Management LP acting through its general partner Brevan Howard Capital Management Limited ("BHCM") has supplied certain information herein regarding the Funds' and Underlying Funds' performance and outlook. BHCM is regulated by the Jersey Financial Services Commission as a fund services business and is the commodity pool operator of BHG.
The material relating to the Funds and the Underlying Funds included in this investor statement is provided for information purposes only, does not constitute an invitation or offer to subscribe for or purchase shares in the Funds or the Underlying Funds and is not intended to constitute "marketing" of the Funds or the Underlying Funds as such term is understood for the purposes of the Alternative Investment Fund Managers Directive as it has been implemented in states of the European Economic Area. This material is not intended to provide a sufficient basis on which to make an investment decision.
Tax treatment depends on the individual circumstances of each investor in BHG and may be subject to change in the future. Returns may increase or decrease as a result of currency fluctuations.
You should note that, if you invest in BHG, your capital will be at risk and you may therefore lose some or all of any amount that you choose to invest. This material is not intended to constitute, and should not be construed as, investment advice. All investments are subject to risk. You are advised to seek expert legal, financial, tax and other professional advice before making any investment decisions.
THE VALUE OF INVESTMENTS CAN GO DOWN AS WELL AS UP. YOU MAY NOT GET BACK THE AMOUNT ORIGINALLY INVESTED AND YOU MAY LOSE ALL OF YOUR INVESTMENT. PAST PERFORMANCE IS NOT A RELIABLE INDICATOR OF FUTURE RESULTS.
Related Shares:
BHGG.L