Monday, 30 March 2015
Last updated 2 days ago
Apr 8 2010 | 4:14am ET
Investors have yanked US$1 billion from Nevsky Capital’s flagship hedge fund in the months since the firm announced its managers would be stepping down.
The London-based firm, which manages about US$6.5 billion, has said it will likely liquidate the Nevsky Fund, noting the “highly specialized nature of the fund’s mandate and the central role” that managers Martin Taylor and Nick Barnes fill. Taylor, a co-founder of the firm, which was spun-off from Thames River Capital in 2007, and Barnes said in March that they will leave Nevsky in March 2011.
But investors aren’t waiting for the two to leave, or for Nevsky to pull the plug. Before the redemptions, the Nevsky Fund manages about US$3.5 billion.
While its flagship will sail off into the sunset, Nevsky itself plans to remain sailing. Thames River’s Michael Warren told CityWire that the firm’s other funds remain popular with investors.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
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…