Tuesday, 5 May 2015
Last updated 4 hours ago
Feb 1 2007 | 11:27am ET
Everybody in the pool!
Deutsche Bank, following Morgan Stanley and Lehman Brothers, expects to get its own piece of the hedge fund world sometime this year.
The German bank’s CEO, Josef Ackermann, said in a television interview, “We have to be in a position to offer our clients all investment classes including hedge funds.” The firm’s purchase of a stake in an American or British hedge fund firm “could quite possibly happen this year,” he added.
Yesterday, Lehman agreed to buy 20% of London-based Spinnaker Capital Group, and late last year, Morgan Stanley bought FrontPoint Partners, as well as stakes in three other hedge funds.
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…