Friday, 27 March 2015
Last updated 32 min ago
Apr 17 2012 | 1:50pm ET
Credit hedge fund LibreMax Partners rose more than 5% in the first quarter.
The New York-based firm, founded in 2010 by three former top Deutsche Bank traders, returned 1.41% in March and is up 5.05% on the year, Dow Jones reports. The firm also told investors that its assets stood at $1.3 billion at the beginning of April.
LibreMax wrote that it cut its investments in prime and "Alt-A" mortgages last month in favor of subprime securities.
"Within subprime, we saw the strongest performance from seasoned mezzanine securities," the firm wrote. "In our opinion, many of these bonds have significant upside to modestly improved housing and economic scenarios."
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
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…