BH Global, a London-listed closed-ended investment company, has appointed Julia Chapman to the board of the company.
Chapman is a solicitor qualified in England & Wales and in Jersey with over 25 years’ experience in the investment fund and capital markets sector.
After working at Simmons & Simmons in London, she moved to Jersey and became a partner of Mourant du Feu & Jeune (now Mourant Ozannes) in 1999. She was then appointed general counsel to Mourant International Finance Administration, the firm’s fund administration division.
Following its acquisition by State Street in April 2010, Chapman was appointed European senior counsel for State Street’s alternative investment business. In July 2012, Chapman left State Street to focus on the independent provision of directorship and governance services to a small number of investment fund vehicles, including GCP Infrastructure Investments and Henderson Far East Income.
BH Global invests all its assets (net of short-term working capital) in the ordinary shares of Brevan Howard Multi-Strategy Master Fund (BHMS). The investment objective of BHMS is to generate consistent long-term appreciation through active, direct and indirect, leveraged trading and investment on a global basis in multiple investment strategies. As at 31 December 2016, the estimated year-to-date NAV performance of the company was 7.53 per cent and 6.70 per cent respectively in its US dollar and British pound share classes, and total assets were USD453.5 million.
Sir Michael Bunbury (pictured), chairman of BH Global, says: “We are delighted that Julia has accepted our invitation to join the board, and we look forward to benefits her many years’ experience as a director of both listed and unlisted funds will bring to the company. 2016 was a strong year for the company in terms of NAV uplift, and we are pleased by the feedback from investors and analysts noting the useful portfolio diversification benefits and downside volatility protection the company offers in the current uncertain macroeconomic climate.”