Creation of new private fund expected to invest in the Company

Summary by AI BETAClose X

BH Macro Limited has been informed by its manager, Brevan Howard Capital Management, LP, that a new private fund is being established which intends to invest in strategies and funds managed by the Manager, including BH Macro Limited itself. This new, non-publicly traded Fund is expected to invest in both BH Macro Limited and the Brevan Howard Master Fund Limited, with the ability to trade BH Macro Limited's shares through on-market purchases and sales. Acquisitions of shares by the Fund will generally be funded by redemptions from its direct investments in the Master Fund, and proceeds from share sales will be reinvested into the Master Fund or other Manager-managed strategies.

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UK 100

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