Sunday, 26 April 2015
Last updated 1 day ago
Dec 17 2009 | 12:37pm ET
For Tudor Investment Corp., $1.3 billion in new money is plenty.
The legendary hedge fund has closed its flagship BVI Global Fund to new money. Meanwhile, the Greenwich, Conn.-based firm told clients that it was closing its Global Emerging Markets Fund altogether.
The Singapore-based fund is being closed due to poor relative performance, the firm told investors yesterday. The liquidation of the emerging markets fund was first reported by Clusterstock.
The firm had accepted new investment in BVI from March, when it lifted redemption restrictions imposed last December, through July. BVI accounts for roughly $9.5 billion of Tudor’s approximately $11.5 billion in assets.
“The fund remains at capacity at this time,” firm founder Paul Tudor Jones told investors in a letter at the end of September. BVI is up about 17% through the first three-quarters of the year.
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…