Northern Trust has been selected to provide fund administration services to BH Global, a newly-established USD1bn feeder fund investing
Northern Trust has been selected to provide fund administration services to BH Global, a newly-established USD1bn feeder fund investing in the Brevan Howard Global Opportunities Master Fund, which began trading on the London Stock Exchange on May 28. The latest mandate follows Northern Trust’s appointment by another listed Brevan Howard feeder fund, BH Macro, in April 2007.
BH Global is a Guernsey-incorporated closed-ended investment company. It invests exclusively in the Master Fund, which in turn invests in various group funds including the Brevan Howard Equity Strategies Master Fund, Brevan Howard Asia Master Fund, Brevan Howard Emerging Markets Strategies Master Fund, Brevan Howard Strategic Opportunities Fund and Brevan Howard Master Fund.
‘Northern Trust has a proven track record in administering closed-ended, London-listed funds,’ says Sue Baines, head of global fund services sales for Europe, Middle East and Africa at Northern Trust. ‘We are delighted that Brevan Howard has chosen to continue working with Northern Trust to support the growth of its offshore business.’
Chicago-based Northern Trust provides investment management, asset and fund administration, fiduciary and banking solutions to corporations, institutions and affluent individuals through 85 offices in 18 US states and 15 international offices in North America, Europe and the Asia-Pacific region, with assets under custody of USD4trn and assets under investment management of USD778.6bn at the end of March.
