Tuesday, 26 May 2015
Last updated 21 min ago
Mar 5 2010 | 2:50pm ET
Moscow-based hedge fund firm Pharos Financial Group is doing very well in its home base.
The firm’s Russia Fund is up 7.3% this year, just in time for Pharos to be named the best hedge fund manager at Terrapinn’s fourth annual Middle East hedge fund awards on Sunday. Of course, success is nothing new for the Pharos fund, which has been the best-performing Russian hedge fund over the past 13 years and has annualized returns of 26.1% since 2000.
Pharos’ long/short fund is currently long-biased, as the firm has a positive outlook on Russian stocks.
Pharos was founded by American Peter Halloran in 1997, and opened an office in Dubai in 2008.
The Terrapinn award is based on historical track record, downside protection, 2009 performance and marketing in the Middle East.
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…