BH Global Limited - Publication of Shareholder Circular
PR Newswire
BH Global Limited (the Company )
(a closed-ended collective investment scheme established as a company with limited liability under the laws of Guernsey with registered number 48555)
LEI: 549300BIIO4DTKEMXV14
Publication of Shareholder Circular
Further to its announcement of 16 February, the Board of Directors of BH Global Limited announces that it has today published a shareholder circular giving notice of an Extraordinary General Meeting (the EGM ). At the EGM shareholders will be asked to consider and, if thought appropriate, approve a proposal to amend the Company s management fee arrangements in conjunction with an undertaking by the Board to facilitate an exit for those Shareholders who do not wish to remain invested in the Company on the new fee basis. Further details of the EGM, which will be held on 25 March 2021 at 3.30 p.m., are set out below.
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22, they both said they had received a letter from their managers requesting that previously agreed fee concessions be withdrawn or else their management agreements may be terminated.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management fee concessions, agreed in 2016 and 2017, no longer support BH Macro s future success and proposes these be withdrawn with contractual fee terms are adjusted back broadly to their prior position .