Friday, 22 May 2015
Last updated 2 hours ago
Jan 23 2007 | 1:53pm ET
U.K.-based Alternative Investment Strategies Limited, a London Stock Exchange-listed fund of hedge funds, has launched an additional C-Class share to be completed in the first quarter of 2007.
This follows strong demand for the previous C Class share issue in May 2006, which was oversubscribed, reaching the maximum £85 million ($167.8 million) of equity, according to the firm.
AIS currently invests in 30 hedge fund managers across 9 different strategies, and over the last 10 years the fund of funds has achieved annualized returns of 10.13% and an annualized deviation of 3.98% as of the end of December.
Hoare Govett is acting as corporate broker to AIS and as sole placing agent in connection with the fundraising.
AIS was launched in December 1996 as the first fund of hedge funds to be listed on the
London Stock Exchange and is currently managed by International Asset Management, a specialist in multi-manager hedge funds since 1989. IAM was founded in 1989 and was acquired by ABN AMRO Asset Management last February.
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…