Northern Trust has been selected to provide fund administration services to the Guernsey listed EUR 816 million (approximately USD 1.1 billion) BH Macro Limited fund. Northern Trust has been selected to provide fund administration services to the Guernsey listed EUR 816 million (approximately USD 1.1 billion) BH Macro Limited fund.

The Fund is one of the first single strategy hedge funds to obtain a secondary listing on the London Stock Exchange under the recently revised listing rules in Chapter 14 of the Financial Services Authority (FSA) regulations.

BH Macro Ltd. will invest in the Brevan Howard Master Fund, a hedge fund with a predominant exposure to global fixed income and foreign exchange markets. The Brevan Howard Master Fund is one of the largest hedge funds in Europe with assets in excess of USD 12 billion.

Sue Baines of Northern Trust said: 'We have a long history of servicing more traditional, closed-ended funds with listings in a variety of locations, in addition to being a leading administrator of alternative assets. This combination of expertise has allowed us to support many asset managers taking advantage of the increasing flexibility to list a range of alternative funds, in a variety of domiciles, whether these are private equity vehicles on Euronext, or hedge funds and funds of hedge funds in London.'