Friday, 22 May 2015
Last updated 8 hours ago
Mar 7 2012 | 3:33pm ET
In terms of investor paydays, there's a new best bet in the hedge fund world.
Brevan Howard Asset Management has returned more money on an annualized basis since inception to investors than any other hedge fund, according to LCH Investments. The ranking, which does not take returns into account per se, shows that Brevan's strong 2011—it enriched investors to the tune of $2.3 billion—bumped its annualized net gains to $1.74 billion.
Last year's champion, Paulson & Co., had the opposite problem, HFMWeek reports. It's annualized gain fell by more than 30% to $1.3 billion after it cost investors $9.6 billion in 2011.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…