Tuesday, 26 May 2015
Last updated 3 days ago
Aug 21 2013 | 11:10am ET
Some prominent global macro funds are finding August an oppressive month, indeed.
Funds managed by Brevan Howard Asset Management, Caxton Associates, Fortress Investment Group and Tudor Investment Corp., among others, have had difficulty maneuvering in the first days of the month. Tudor's $1.1 billion Discretionary Fund is down 1.06% through Aug. 9 and its flagship BVI Global Fund is down 0.6% during the same period, ValueWalk reports. Caxton's Global Investment Fund shed 0.99% through Aug. 9, cutting its year-to-date gains to 15.3%, and Brevan Howard's Investment Fund II Macro FX is off 0.9% through August's first week, leaving it down 4% on the year.
Fortress' losses were somewhat more modest, with its $2 billion Macro Fund down 0.54% through Aug. 9 and its Asia Fund down 0.45%. Both funds are still enjoying strong years, up 9% and 11%, respectively.
Rubicon Fund Management's Global Fund is also still up double-digits, at 14.8%, but shed 1.13% through Aug. 9. MKP Capital Management's Opportunity Offshore Fund is off 0.3% through the same date. Eclectica Asset Management is flat through Aug. 10, but is down 0.5% on the year.
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…