{"id":8797,"date":"2008-10-08T00:00:00","date_gmt":"2008-10-08T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"bh-macro-swings-to-nav-discount","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/10\/2008\/bh-macro-swings-to-nav-discount.html","title":{"rendered":"BH Macro swings to NAV discount"},"content":{"rendered":"<p>Reuters &#8211; Shares in BH Macro, a listed feeder fund to the Brevan Howard global macro fund, Europe&#8217;s biggest hedge fund with assets of $20 billion, have sunk to a 13 percent discount to net asset value as a wave of selling has swept through European financial markets.       <\/p>\n<p> The fund was down 2 percent at 1255 pence in afternoon trading. Earlier Tuesday, BH Macro reported in a regulatory filing that its NAV at the close of business on Oct 3 was 1411 pence per share.<\/p>\n<p> &quot;The whole sector has moved to quite considerable discounts,&quot; said Mark James, executive director at RBS. &quot;BH Macro is trading on its widest ever discount.&quot;<\/p>\n<p> BH Macro has about $1.6 billion in capital. It came to market in early 2006 to provide access to Brevan Howard&#8217;s global macro hedge fund, which was and has continued to be closed to new investors.<\/p>\n<p><strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.reuters.com\/article\/rbssFinancialServicesAndRealEstateNews\/idUSL755303220081007\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reuters &#8211; Shares in BH Macro, a listed feeder fund to the Brevan Howard global macro fund, Europe&#8217;s biggest hedge fund with assets of $20 billion, have sunk to a 13 percent discount to net asset value as a wave [&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":[1024,489,932,203,918,117,129,2888,83,3059,1657,308],"class_list":["post-8797","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-1-million","tag-cnn","tag-current-trends","tag-global-investment","tag-global-wealth","tag-investment-arm","tag-losses","tag-malfeasance","tag-medallion","tag-news-source","tag-undisclosed-sum","tag-year-to-date"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8797","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=8797"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8797\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=8797"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=8797"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=8797"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}