Brevan Howard demands fee increase on BH Macro - but has it shot itself in the foot?

Wants to return to 2/20 fee structure

David Brenchley
Brevan Howard wants the fees payable to BH Macro to rise

Brevan Howard wants the fees payable to BH Macro to rise

Brevan Howard Capital Management risks "shooting itself in the foot" and "effectively serving itself notice" by demanding too high a rise in the management fees paid by BH Macro investment trust investors, alongside the "egregious" imposition of a fee on share redemptions and capital returns.

BH Macro, alongside its sister fund BH Global, published a letter from investment manager Brevan Howard, who said they wanted the fee structure reset to 2%/20%, reversing concessions previously agreed...

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