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About the company
BH Macro Limited is a closed-ended investment company. The Company is organized as a feeder fund that invests all of its assets (net of short-term working capital requirements) directly in the Master Fund, a hedge fund in the form of a Cayman Islands open-ended investment company. Its investment objective the generation of consistent long-term appreciation through active leveraged trading and investment on a global basis. The Master Fund invests in a range of instruments including, debt securities and obligations (which may be below investment grade), bank loans, listed and unlisted equities, other collective investment schemes, currencies, commodities, digital assets, futures, options, warrants, swaps, and other derivative instruments. The Master Fund employs a combination of investment strategies that focus primarily on economic change and monetary policy and market inefficiencies. The Company is managed by Brevan Howard Capital Management LP.
- Revenue in GBP (TTM)152.21m
- Net income in GBP35.60m
- Incorporated2007
- Employees0.00
- LocationBH Macro Limited GBPTrafalgar Court, Les BanquesPO Box 255SAINT PETER PORT GY1 3QLGuernseyGGY
- Websitehttps://www.bhmacro.com/
Profile
| Management group(s) | Brevan Howard Capital Management LP |
|---|---|
| AIC sector | Hedge Funds |
| ISIN | GG00BQBFY362 |
| Launch date | 14 Mar 2007 |
| Share type | Ordinary Share |
| Structure | Investment Trust |
| Base currency | GBP |
Objective
The Company is organised as a feeder fund that invests all of its assets (net of short-term working capital requirements) directly in Brevan Howard Master Fund Limited, a hedge fund in the form of a Cayman Islands open-ended investment company, which has as its investment objective the generation of consistent long-term appreciation through active leveraged trading and investment on a global basis.
Managed by
| Not Disclosed |
|---|
Management & contract fees
Management fee equals to 1.5% p.a. of the NAV of each class of Shares. Performance of 20% of the appreciation in the NAV per share of that class during that calculation period which is above the base NAV. Agreement may be terminated on notice period of 24 months.
Peer analysis
- Key Information
- Stock Performance
- Per Share Data
- Efficiency
- Management Effectiveness
- Profitability
- Financial Strength
- Growth Rates
| Company | Revenue (TTM) | Net income (TTM) | Market cap | Employees | Price/earnings (TTM) | Price/book value (MRQ) | Price/cash flow (TTM) | Price/sales (TTM) | EPS (excl. extraordinary items, TTM) | EPS (incl. extraordinary items, TTM) | Revenue per share (TTM) | Book value per share (MRQ) | Asset turnover (TTM) | Inventory turnover (TTM) | Receivables turnover (TTM) | Revenues per employee (TTM) | Return on avg assets (TTM) | Return on avg assets (5 yr avg) | Return on investment (TTM) | Return on investment (5 yr avg) | Gross margin (TTM) | Gross margin (5 yr avg) | Net profit margin (TTM) | Net Profit margin (5 yr avg) | Quick ratio (MRQ) | Interest coverage (TTM) | Total debt to capital (MRQ) | Payout ratio (5 yr avg) | Revenue (YOY change %) | Revenue (5 yr growth rate) | Net income (YOY change %) | Net income (5 yr growth rate) | Capital expenditure (5 yr growth rate) | Dividend (5 yr growth rate) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Law Debenture Corporation plc | 201.31m | 140.61m | 1.17bn | 299.00 | 8.21 | 1.27 | 8.19 | 5.82 | 1.08 | 1.08 | 1.54 | 6.96 | 0.1894 | -- | 5.41 | 673,287.60 | 13.23 | 5.60 | 13.57 | 5.78 | 95.44 | 92.71 | 69.85 | 53.61 | -- | 21.59 | 0.1563 | 66.49 | 494.99 | -- | 187.04 | -- | 38.82 | 11.11 |
| JPmorgan Emerging Markets Inv Trust PLC | 104.69m | 84.97m | 1.18bn | 0.00 | 14.48 | 0.8897 | -- | 11.31 | 0.075 | 0.075 | 0.0923 | 1.22 | 0.0773 | -- | 20.11 | -- | 6.27 | 3.45 | 6.28 | 3.45 | 91.53 | 83.72 | 81.16 | 72.91 | -- | -- | 0.00 | 34.05 | 487.62 | -8.85 | 4,539.24 | -10.95 | -- | 6.30 |
| Sequoia Economic Infrastrctr Incm Fd Ltd | 131.76m | 110.42m | 1.19bn | 0.00 | 11.51 | 0.8094 | -- | 9.05 | 0.066 | 0.066 | 0.0785 | 0.9377 | 0.0783 | -- | -- | -- | 6.56 | 3.43 | 6.64 | 3.56 | 86.92 | 77.56 | 83.81 | 73.14 | -- | -- | 0.00 | 183.35 | 1,089.40 | 9.49 | 715.23 | 9.81 | -- | 2.94 |
| Ashmore Group plc | 205.50m | 93.70m | 1.20bn | 283.00 | 12.38 | 1.36 | 11.82 | 5.83 | 0.1357 | 0.1357 | 0.2971 | 1.24 | 0.2067 | -- | 3.14 | 726,148.40 | 9.88 | 13.32 | 10.86 | 15.44 | -- | -- | 47.79 | 54.13 | -- | -- | 0.0071 | 86.39 | 5.06 | -8.40 | 12.48 | -12.10 | 0.00 | 0.2985 |
| Aberforth Smaller Companies Trust plc | 274.29m | 257.22m | 1.21bn | 0.00 | 4.70 | 0.8462 | -- | 4.40 | 3.05 | 3.05 | 3.25 | 16.95 | 0.1949 | -- | 34.88 | -- | 18.28 | 5.74 | 18.32 | 5.82 | 96.66 | 90.04 | 93.78 | 84.97 | -- | 48.61 | 0.0642 | 45.12 | 180.56 | -- | 163.21 | -- | -- | 6.53 |
| Bankers Investment Trust PLC | 162.31m | 147.90m | 1.31bn | 0.00 | 9.27 | 0.929 | -- | 8.06 | 0.123 | 0.123 | 0.1313 | 1.23 | 0.1027 | -- | 15.65 | -- | 9.35 | 5.66 | 9.45 | 5.70 | 93.83 | 89.93 | 91.12 | 86.06 | -- | -- | 0.0787 | 35.88 | 148.26 | 34.54 | 136.03 | 53.46 | -- | 5.36 |
| Finsbury Growth & Income Trust PLC | 16.81m | 2.34m | 1.40bn | 0.00 | 239.11 | 0.9301 | 598.69 | 83.24 | 0.0363 | 0.0363 | 0.0828 | 9.32 | 0.0089 | -- | 1.77 | -- | 0.1236 | 3.55 | 0.1239 | 3.59 | 26.44 | 86.06 | 13.90 | 83.35 | -- | -- | 0.0164 | 55.21 | 236.77 | -2.77 | 208.52 | -3.68 | -- | 4.43 |
| Fidelity European Trust PLC | 234.02m | 207.26m | 1.42bn | 0.00 | 6.87 | 0.8438 | -- | 6.09 | 0.5071 | 0.5071 | 0.5725 | 4.13 | 0.1458 | -- | 18.32 | -- | 12.91 | 12.20 | 12.94 | 12.24 | 91.68 | 93.53 | 88.57 | 91.28 | -- | 87.28 | 0.00 | 18.48 | 707.06 | -- | 519.00 | -- | -- | 5.61 |
| BH Macro Ltd | 152.21m | 35.60m | 1.44bn | 0.00 | 34.95 | 0.9716 | -- | 9.45 | 0.1119 | 0.1119 | 0.398 | 4.02 | 0.0972 | -- | 14.11 | -- | 2.27 | 7.60 | 2.28 | 7.78 | 84.40 | 79.64 | 23.39 | 46.78 | -- | 3.94 | 0.00 | 0.00 | -49.65 | 18.40 | -40.67 | 13.71 | -- | -- |
| Pantheon International PLC | 78.93m | 31.65m | 1.45bn | 0.00 | 45.23 | 0.6412 | -- | 18.40 | 0.0695 | 0.0695 | 0.1597 | 4.90 | 0.0315 | -- | 32.66 | -- | 1.26 | 9.59 | 1.29 | 9.66 | 50.94 | 87.96 | 40.10 | 86.03 | -- | -- | 0.092 | 0.00 | -3.19 | -18.12 | -25.15 | -30.29 | -- | -- |
| Allianz Technology Trust PLC | 521.55m | 511.54m | 1.53bn | 0.00 | 3.02 | 0.9173 | -- | 2.92 | 1.32 | 1.32 | 1.34 | 4.33 | 0.3655 | -- | -- | -- | 35.84 | 15.16 | 35.90 | 15.28 | 98.48 | 93.12 | 98.08 | 92.25 | -- | -- | 0.00 | 0.00 | 188.38 | 69.29 | 185.03 | 81.98 | -- | -- |
| Rathbones Group PLC | 888.53m | 63.32m | 1.55bn | 3.52k | 23.07 | 1.06 | 12.09 | 1.74 | 0.7309 | 0.7309 | 10.22 | 15.86 | 0.2241 | -- | 272.35 | 355,695.30 | 1.60 | 1.26 | 5.49 | 5.81 | 87.84 | 89.67 | 7.13 | 8.83 | -- | -- | 0.6377 | 110.62 | 32.56 | 14.76 | -23.44 | -4.07 | -10.21 | 5.68 |
| Murray International Trust plc | 204.49m | 184.74m | 1.55bn | 0.00 | 8.54 | 0.9198 | -- | 7.59 | 0.2979 | 0.2979 | 0.3298 | 2.77 | 0.1147 | -- | 18.83 | -- | 10.36 | 7.33 | 10.46 | 7.55 | 94.89 | 91.72 | 90.34 | 87.15 | -- | -- | 0.0608 | 47.87 | -2.42 | -- | -2.13 | -- | -- | 2.23 |
| Personal Assets Trust PLC | 66.67m | 44.26m | 1.60bn | 0.00 | 36.52 | 1.02 | -- | 23.96 | 0.1357 | 0.1357 | 0.1813 | 4.87 | 0.0374 | -- | 10.78 | -- | 2.48 | 4.29 | 2.49 | 4.32 | -- | 88.80 | 66.38 | 79.45 | -- | 13.40 | 0.00 | 32.05 | 1,217.80 | 0.7914 | 409.81 | -2.78 | -- | -4.36 |
| JTC PLC | 283.06m | 29.13m | 1.66bn | 1.60k | 55.23 | 3.19 | 29.41 | 5.85 | 0.1789 | 0.1789 | 1.74 | 3.09 | 0.3542 | -- | 4.51 | 176,580.80 | 3.64 | 4.41 | 4.07 | 4.78 | -- | -- | 10.29 | 13.53 | 1.76 | 3.90 | 0.3441 | 52.68 | 28.70 | 27.22 | -37.14 | -- | 22.87 | 30.07 |
| Worldwide Healthcare Trust PLC | 253.44m | 227.52m | 1.68bn | 0.00 | 8.10 | 0.8571 | -- | 6.61 | 0.4036 | 0.4036 | 0.4626 | 3.82 | 0.1176 | -- | 19.98 | -- | 10.56 | 5.79 | 11.50 | 6.13 | 90.95 | 85.03 | 89.77 | 82.62 | -- | -- | 0.00 | 12.25 | 1,332.85 | 5.36 | 2,389.31 | 3.89 | -- | 1.11 |
| Holder | Shares | % Held |
|---|---|---|
| Investec Wealth & Investment Ltd.as of 27 Sep 2024 | 76.30m | 22.00% |
| Rathbones Investment Management Ltd.as of 27 Sep 2024 | 42.93m | 12.38% |
| LGT Wealth Management UK LLPas of 26 Jun 2024 | 19.11m | 5.51% |
| Close Asset Management Ltd.as of 10 Oct 2023 | 18.75m | 5.41% |
| CG Asset Management Ltd.as of 31 Oct 2024 | 6.43m | 1.86% |
| BlackRock Investment Management (UK) Ltd.as of 30 Sep 2024 | 5.96m | 1.72% |
| Janus Henderson Investors UK Ltd.as of 30 Sep 2024 | 5.55m | 1.60% |
| Vanguard Global Advisers LLCas of 31 Oct 2024 | 5.25m | 1.51% |
| Saltus Partners LLPas of 31 Oct 2024 | 4.88m | 1.41% |
| UBS LA MAISON de Gestionas of 29 Dec 2023 | 1.98m | 0.57% |
