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Northern Trust awarded second hedge fund administration mandate

Posted: 14 July 2008

Northern Trust has been selected to provide fund administration services to US$1 billion BH Global, a newly established feeder fund investing in the Brevan Howard Global Opportunities Master Fund Limited (the ‘Master Fund') - a hedge fund which began trading on the London Stock Exchange on 28th May 2008. This latest win follows Northern Trust's appointment by the Guernsey domiciled BH Macro Limited fund, announced in April 2007.

BH Global is a Guernsey-incorporated closed ended investment company. It will invest solely in the Master Fund, which will invest in a number of Brevan Howard funds, including the Brevan Howard Equity Strategies Master Fund, the Brevan Howard Asia Master Fund, the Brevan Howard Emerging Markets Strategies Master Fund, the Brevan Howard Strategic Opportunities Fund and the Brevan Howard Master Fund.

Sue Baines, Head of Global Fund Services Sales for Europe, Middle East and Africa at Northern Trust, said: "Northern Trust has a proven track record in administering closed-ended, London-listed funds. We are delighted that Brevan Howard has chosen to continue working with Northern Trust to support the growth of its offshore business."

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