Monday, 27 April 2015
Last updated 1 hour ago
Oct 11 2013 | 1:02pm ET
Brevan Howard Asset Management has launched its first hedge fund managed from New York.
The European hedge fund giant opened a base in the Big Apple last year, hiring, among others, a team led by Deutsche Bank's former chief investment adviser, Vinay Pande. Now, a year after Pande's move to Brevan, he's managing his first stand-alone fund at the firm, the Strategic Macro Fund.
The new fund trades a wide variety of asset classes, including equities, bonds, interest rates, foreign exchange and commodities, Bloomberg News reports. Brevan Howard seeded the vehicle with money from its $27.9 billion flagship Master Fund; Pande's team had already been managing $300 million for that fund.
Brevan Howard now employs 28 people in New York. Among them are Pande team members Miguel Costa, Gerald Lucas and Yang Tang. Costa and Lucas are also Deutsche Bank veterans.
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…