BH Macro

30/09/2026

Results analysis from Kepler Trust Intelligence

BH Macro invests in the Brevan Howard Master Fund Limited (the “Master Fund”) whose investment objective is to generate consistent long-term capital appreciation through active leveraged trading on a global macro basis. During the first six months of 2026, BH Macro’s NAV per share for the Sterling Class shares rose by 2.43%, and that of the US Dollar Class shares by 2.23%. The share price performance over the same period was higher for both share classes at +7.0% for the Sterling Class shares and +3.1% for the US Dollar Class shares, with the discount to NAV narrowing – especially for the more liquid Sterling…