Monday, 25 May 2015
Last updated 2 days ago
Mar 5 2009 | 11:18am ET
Brevan Howard Asset Management has launched its first Ucits III-compliant fund, a fixed-income pffering focusing on high liquidity and capital preservation. The Brevan Howard Absolute Return Bond Plus Fund seeks minimal credit exposure targeting net returns of cash plus 3.5%.
The fund’s portfolio will consist of government bonds and interest rate strategies predominantly from the major liquid markets, and will also have an opportunistic exposure to liquid foreign exchange strategies, HedgeWeek reports. Brevan Howard has seeded the fund with US$250 million.
“This fund should appeal to large institutional investors who are looking to allocate a part of their portfolio to alpha managers who can deliver absolute returns with low volatility and low correlation with other investments,” said Philippe Lespinard, head of absolute return strategies.
“We see this strategy sitting very comfortably alongside core bond portfolios and specialist credit strategies.”
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…