The Microsoft co-founder and philanthropist has marked the 10th anniversary of the Global Fund to Fight AIDS, Tuberculosis and Malaria with a pledge of a further $750m in funding. Gates was speaking at the World Economic Forum in Davos after an earlier appearance at the London School of Economics where he urged national governments not to allow fiscal concerns to eclipse the need for continued investment in the developing world.
Yost Partners was up 0.8% for the first quarter, while the Yost Focused Long Funds lost 5% net. The firm's benchmark, the MSCI World Index, declined by 5.2%. The funds' returns outperformed their benchmark due to their tilt toward value, high exposures to energy and financials and a bias toward quality. In his first-quarter letter Read More