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
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Brevan Howard wants the fees payable to BH Macro to rise
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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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