Wednesday, 1 April 2015
Last updated 9 hours ago
Apr 8 2014 | 8:35am ET
Macro managers—including some of the biggest names in the industry—had a bumpy ride in Q1 2014.
Paul Tudor Jones, Michael Novogratz and Louis Bacon all posted losses in the first quarter as markets roiled.
Tudor Jones' Tudor BVI Global fund lost 3.2% in the first quarter, according to Bloomberg, which also noted a 2.8% loss for Bacon's Moore Capital Management and a 5.5% decline for Novogratz's Fortress Macro Fund.
The three join Robert Citrone, whose Discovery Capital Management was down 7.5% in the first quarter in its global opportunity fund, and Brevan Howard's Alan Howard, whose BH Macro Fund lost about 2.8%.
Macro strategies in general were down 0.03% in Q1, according to Eurekahedge.
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…