UK laws and BHHK is licensed and regulated by the Securities and Futures Commission under Hong Kong

BREVAN HOWARD MULTI-STRATEGY

 

MASTER FUND LIMITED

 

MONTHLY SHAREHOLDER REPORT: FEBRUARY 2014

 

T +44 (0)20 7022 6250   www.brevanhoward.com

 

laws, each of which differ from Australian laws; and (c) any views expressed, or financial product advice provided, by a representative of BHAM or BHHK is made on behalf of BHAM or BHHK, as appropriate, only and no other BH group entity.

 

In Hong Kong, this document is directed only at, and made available only to, professional investors as defined in the Securities and Futures Ordinance (Cap. 571, the laws of Hong Kong, “the Ordinance”) and its subsidiary legislation. The contents of this document have not been reviewed by any regulatory authority in Hong Kong. You are advised to exercise caution in relation to the offer. If you are in any doubt about any of the contents of this document, you should obtain independent professional advice. This document has not been registered by the Registrar of Companies in Hong Kong. The Fund is a collective investment scheme as defined in the Ordinance but has not been authorised by the Securities and Futures Commission pursuant to the Ordinance. Accordingly, the shares in the Fund may only be offered or sold in Hong Kong to persons who are “professional investors” as defined in the Ordinance and any rules made under the Ordinance or in circumstances which are permitted under the Companies Ordinance (Cap. 32, the laws of Hong Kong) and the Ordinance. In addition, this document may not be issued or possessed for the purposes of issue, whether in Hong Kong or elsewhere, and the shares in the Fund may not be disposed of to any person unless such person is outside Hong Kong, such person is a “professional investor” as defined in the Ordinance and any rules made under the Ordinance or as otherwise may be permitted by the Ordinance. Brevan Howard (Hong Kong) Limited is licensed for Type 1 (dealing in securities), 4 (advising on securities), 5 (advising on futures contracts) and 9 (asset management) regulated activities by the Securities and Futures Commission with central entity number AKO483.

 

PLEASE REFER TO THE “FURTHER IMPORTANT INFORMATION” CONTAINED AT THE END OF THIS DOCUMENT (INCLUDING, WITHOUT LIMITATION, THE SECTION HEADED “RISK FACTORS”)

 

Brevan Howard Multi-Strategy Master Fund Limited (the “Fund”) is incorporated in the
Cayman Islands as an open-ended investment company. Brevan Howard Multi-Strategy
Fund Limited (“BHMSFL”) and Brevan Howard Multi-Strategy Fund, L.P. (“BHMSFLP”)
invest  all  of  their  assets  (net  of  short-term  working  capital)  in  the  Fund.  BHMSFL,
BHMSFLP and the Fund shall be referred to herein as the “Funds”.
Brevan Howard Multi-Strategy Fund Limited
USD

Type

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

YTD

2008

Class A

-3.27

-2.32

0.31

2.05

0.37

0.61

-4.05

1.10

2.97

-0.79

-3.21

2009

Class A

4.17

2.06

1.29

1.11

3.06

-0.63

1.55

0.73

1.42

0.96

0.39

0.13

17.41

2010

Class A

-0.15

-0.60

-0.16

0.75

-0.19

0.52

-0.97

0.89

1.20

0.53

-0.02

0.32

2.12

2010

Class E

0.60

0.01

0.38

0.99

2010

Class F

0.38

0.38

2011

Class A

0.04

0.63

0.25

1.43

-0.09

-0.78

1.64

3.68

-1.05

-0.33

0.34

-0.59

5.20

2011

Class E

0.08

0.71

0.30

1.55

-0.06

-0.80

1.78

3.96

-1.08

-0.32

0.40

-0.60

5.98