Monday, 25 May 2015
Last updated 3 days ago
May 24 2010 | 11:58am ET
Toscafund Asset Management’s profit fell by two-thirds last year, leaving it earning just 6% of what it took in two years ago.
The London-based firm said it earned £9.2 million last year, down from £27 million in 2008 and £158 million in 2007. The fund is still suffering from the losses it suffered in 2008, failing to make up the drawdowns last year, leaving it with vastly reduced performance fees.
The firm did assure that it has “adequate resources to continue for the foreseeable future,” as it has done in the past.
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…