Saturday, 25 April 2015
Last updated 12 hours ago
Apr 1 2010 | 8:38am ET
Wadhwani Asset Management and GAM have teamed up to launch a UCITS III-compliant version of Wadhwani’s flagship quantitative managed futures fund.
GAM Star Keynes Quantitative Strategies will use proprietary models developed by Sushil Wadhwani, a former member of the Bank of England’s monetary policy committee, who manages the Dublin-domiciled fund. London-based Wadhwani has managed the fund to annualized returns of 12% to 13% over the past five years.
Unlike the existing fund, which has a US$1 million minimum investment requirement, the UCITS-compliant fund has a US$10,000 minimum investment.
“Human nature gives too much weight to recent events, and often clings to beliefs in the face of contrary evidence,” Wadhwani said. “Our current economic and market outlook suggests macro uncertainty, which can create a ‘herding’ effect among investors.”
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…