Share Name Share Symbol Market Type Share ISIN Share Description
BH Macro GBP LSE:BHMG London Ordinary Share GG00B1NP5142 ORD NPV (GBP)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 2,071.00p 2,070.00p 2,071.00p 2,081.00p 2,065.00p 2,081.00p 22,722.00 16:35:27
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 0.0 -66.9 0.0 - 1,629.76

BH Macro GBP Share Discussion Threads

Showing 26 to 50 of 50 messages
Chat Pages: 2  1
DateSubjectAuthorDiscuss
29/11/2016
14:15
liquid, not sure you get what they do but hey ho, if they just sat on a bunch of bonds the last month or so the nav would have been going in the opposite direction.
edwardt
29/11/2016
12:14
This is what happens when you just sit on a pile of bonds for a decade. Convexity trading? LOL Nothing positive about this at all. Wind up its portfolio after several years of disappointing performance. as the discount on the shares widened, the actual annualised return shareholders received -1.05% tender offer to buy back all its shares at 96% of net asset value. They currently trade at a discount of nearly 13% below NAV. Will move one of the last remaining listed hedge funds from the UK market.
liquidkid
29/11/2016
08:54
What to do now?
ifthecapfits
29/11/2016
08:10
and when they say they will buy it all back , we may well be off to the races.
edwardt
23/11/2016
13:15
nice article on ft site today.
edwardt
23/11/2016
11:07
if anyone knows more would welcome a debate but macro hedge funds such as this trade convexity which is defined as Convexity is a measure of the curvature or 2nd derivative of how the price of a bond varies with interest rate, i.e. how the duration of a bond changes as the interest rate changes. Specifically, one assumes that the interest rate is constant across the life of the bond and that changes in interest rates occur evenly. with the trump election, this has to be a good place for these guys to trade imo.
edwardt
23/11/2016
11:00
looks like the great unwashed are now seeing value here. volumes picking up.
edwardt
22/11/2016
16:33
hey up. convexity kicking in. loving the nav print.
edwardt
21/11/2016
09:16
also you need to assess the relative discount to nav on each share class. converting to a narrower discount class is better for you.
edwardt
21/11/2016
09:15
you would only do it if you are particularly bullish on dollars and euros versus sterling. Hence if they strengthen further against sterling you will get an uplift because there is no hedging on this risk in the foreign denominated holding. Also note the other share classes are far smaller so it will be harder to sell them if you need to. I don't want to give advice but post brexit we have seen a large fall in sterling so it may have been a clever time to do this a year ago but question the merit now. your call!
edwardt
17/11/2016
15:51
edwardt - i've received a conversion notice to eur & $ - stupid question perhaps but why do this?
ifthecapfits
16/11/2016
11:55
Yep. Perking up.
ifthecapfits
16/11/2016
08:58
best get the tractor out - the sun is out drying the grass.
edwardt
15/11/2016
15:06
convexity trading is their skillset - time to make hay.
edwardt
14/11/2016
17:34
well to date this has been rubbish but my guess is we have just seen post trump and the yield curve steepening a chance for this fund to come into its own. nav print for this week will give us a good gauge but I would expect it to be good and this trust to get some attention - how about a premium to nav in 3 months?
edwardt
09/10/2014
12:52
I reckon increasing market volatility should do the trick!
jimbo55
07/10/2014
16:37
well done jimbo , i would give you a pat on the back if i could. the next step here, is to get the volume now to push this one to a premium..
edwardt
20/9/2014
03:09
Note my comment from 15 months ago and the recent resurgence in the USD. I don't expect a pat on the back, but it illustrates the correlation.
jimbo55
18/9/2014
15:42
wakey wakey, this one is starting to come out of its self imposed sleep - end of QE should put this back in the game. maybe Brevan will be back to his bloomberg terminal rather than getting exposed to all that alpine fresh air!
edwardt
13/6/2013
09:42
I put a lot of the recent weakness down to the weakness in the USD. This will, I'm sure; given the macro environment in which we find ourselves, be temporary.
jimbo55
11/6/2013
15:46
This is not a traders stock hence the 5 year holding period and semi-annual BB posts. What's happened to BH Global? it looks to be coming apart from Macro since End May. The US 10 year started selling off begining May. The April commentary was this ...The strongest gains were made in macro equity trading and in European interest rates trading. Smaller gains were also registered in credit trading. Small losses were incurred in interest rates volatility trading and in US interest rates trading.
liquidkid
18/4/2013
14:53
not sure why!
edwardt
22/6/2012
12:55
Not much interest in this then?
ifthecapfits
17/8/2011
08:18
macro is motoring. the discount on bh global is very anomalous as macro is nearing a premium. if you are simply after pure macro play, stick with macro but as global has 40% in macro and is on 11 discount, i know where i prefer to be on a 6 month view.
edwardt
05/8/2011
14:43
Heads up (oh there's no one there) whats that? BH Global has decoupled from BH Macro They all trade from the BH Master Fund so much for the Transparency Reporting thing then.
liquidkid
Chat Pages: 2  1
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