Saturday, 25 April 2015
Last updated 16 hours ago
Apr 23 2010 | 11:50am ET
Marshall Wace Asset Management is moving its hedge funds from an offshore island to an onshore one.
The London-based hedge fund has established a new feeder fund in Ireland, Hedge Funds Review reports. The new feeder fund has about 20 sub-funds, one for each of Marshall Wace’s existing strategies.
Marshall Wace’s funds are currently domiciled in the Cayman Islands, using the same master-feeder structure. The firm is expected to liquidate those funds, asking its investors to redeem and then re-invest in the Irish funds.
Marshall Wace already has a pair of UCITS III-compliant hedge funds domiciled on the Emerald Isle.
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…