{"id":7770,"date":"2008-05-23T00:00:00","date_gmt":"2008-05-23T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"brevan-howards-bh-global-raises-1-bln-from-london-ipo-vs-target-500-mln","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/05\/2008\/brevan-howards-bh-global-raises-1-bln-from-london-ipo-vs-target-500-mln.html","title":{"rendered":"Brevan Howard&#8217;s BH Global raises $1 bln from London IPO vs target $500 mln"},"content":{"rendered":"<p>Thomson Financial- BH Global Ltd., the second fund of hedge funds feeder fund to be floated by Brevan Howard Asset Management LLP, said it has raised $1 billion from its initial public offering in London, twice the amount expected. <\/p>\n<p class=\"textBodyBlack\">Lord Turnbull, BH Global Chairman said, &quot;To have raised $1 billion in these markets is a great result and certainly beyond our initial target of $500 million&#8230; This result clearly demonstrates investor appetite for high quality closed-ended funds.&quot; The company placed 70.8 million shares and also has an over-allotment option of up to $100 million, which is exercisable until June 22.<\/p>\n<p class=\"textBodyBlack\">Its IPO comprised about 36.39 million U.S. dollar shares, about 11.24 million euro shares and about 23.19 million sterling shares &#8212; priced at $10, 10 euros and 10 pounds per share.<\/p>\n<p><a href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.cnbc.com\/id\/24787088\/for\/cnbc\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Thomson Financial- BH Global Ltd., the second fund of hedge funds feeder fund to be floated by Brevan Howard Asset Management LLP, said it has raised $1 billion from its initial public offering in London, twice the amount expected. Lord [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[310,312,311,309,314,63,307,313,306,95,305,308],"class_list":["post-7770","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-100-million","tag-benchmarks","tag-da-vinci","tag-farmland","tag-finance","tag-first-avenue","tag-global-coordinator","tag-high-performance","tag-london-interbank-offered-rate","tag-merrill","tag-shareholders-association","tag-year-to-date"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/7770","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=7770"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/7770\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=7770"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=7770"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=7770"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}