Sunday, 29 March 2015
Last updated 2 days ago
May 20 2010 | 10:39am ET
A year after he quit the first time, Joseph Novarro has again resigned from hedge fund GSA Capital.
Novarro told Financial News that his departure stemmed from disagreements about business strategy between himself and GSA founder Jonathan Hiscock. He resigned last week, but will remain on for at least three months to assist with the transition.
Novarro resigned from the London-based firm last May. But that time, he was persuaded to withdraw his resignation during his notice period.
GSA, which spun off from Deutsche Bank five years ago, has been struggling to rebuild its assets under management since the 2008 financial crisis. The firm, which once managed US$2.5 billion, was hit with redemptions totaling approximately half that. GSA did not impose any redemption restrictions, and now manages about US$650 million.
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…