Exact(9)
Its master fund is said to have lost $670m after misreading the runes.
"We're expecting a bunch of new investors in the master fund," an insider says.
Assets in its main portfolio, the Brevan Howard Master Fund, have swelled to $26.9 billion amid strong returns, with a gain of 11.5 percent so far this year.
WALL STREET JOURNAL Nomura Real Estate Trust Falls in Trading Debut | The Nomura real estate master fund, which raised about $1.8 billion in an initial public offering, fell 6.2 percent in its trading debut in Tokyo, Bloomberg News reports.
The Laurus master fund was on a tear two years ago.
The Bemont case and another one, involving Southgate Master Fund, now before the Fifth Circuit Court of Appeals, show just how aggressively Beal, known for high-stakes poker games, has played his tax hand.
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Mr. Levy was known as a master fund-raiser, increasing the number of galas to as many as 10 a year, from two.
Indeed, nearly everyone in Brooklyn politics acknowledges that Mr. Towns is a master fund-raiser and campaigner who is very much at home with voters.
She described Ms. Shuler, who is acknowledged in the dance world to be a master fund-raiser, as "self-serving" in organizing the festival.
By night, Mr. Berrios is a master fund-raiser, bringing in about $3 million in political contributions over the last decade from the same lawyers who ask him and the board to give tax breaks to their clients.
And Mr. Bush proved once again that he is a master fund-raiser, bringing in $21.3 million for his party at a black-tie dinner that was a who's who of lobbyists and businesses with interests before the government.
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