BH Macro And BH Global Put Investment Manager Demands To Vote
Tue, 16th Feb 2021 21:44
(Alliance News) - BH Macro Ltd and BH Global Ltd on Tuesday announced plans to put their managers fee increase requests to vote.
On January 22, they both said they had received a letter from their managers requesting that previously agreed fee concessions be withdrawn or else their management agreements may be terminated.
BH Macro is a a feeder fund that invests all of its assets directly into the Brevan Howard Master Fund. Manager Brevan Howard Capital Management LP has said that management fee concessions, agreed in 2016 and 2017, no longer support BH Macro s future success and proposes these be withdrawn with contractual fee terms are adjusted back broadly to their prior position .