Returns are soaring in Brevan Howard’s flagship strategy, all while its listed fund is not getting the traction one would expect, least of all Sir Michael Bunbury, the director of the BH Global fund that is linked to the returns of the BH Multi-Strategy Master Fund.
Bunbury recently bought another 3,200 shares of LSE-listed BH Global, but as he admits should the discounted trading of the fund average over 10% on a 12-month basis, he as director is slated to unwind the fund.
Currently, the fund is trading at roughly . . .
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