Saturday, 25 April 2015
Last updated 23 hours ago
Aug 2 2013 | 10:02am ET
June was a brutal month for Brevan Howard Asset Management, with most of its major strategies losing ground.
None suffered more than its US$2.8 billion Emerging Markets Strategies Master Fund, which shed 6.5% on the month and is now down 13.3% on the year, ValueWalk reports. Another emerging markets vehicle, Emerging Markets Local Fixed Income, dropped 0.65% in June and is down 4.2% on the year.
The firm's US$28 billion flagship Master Fund dropped 2.9%, cutting its year-to-date return to 4.25%. Credit Catalysts Master fell 0.5% last month and Credit Value Master 2%. Both remain up on the year.
Not all of Brevan's funds lost ground last month; it's US$2 billion Asia Master Fund rose 2.2% and is up 7.5% on the year. And the firm's BH Commodities Strategies rose 0.65% in June, cutting its year-to-date loss to 2.3%.
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…