Tuesday, 21 April 2015
Last updated 56 min ago
Jun 1 2010 | 11:51am ET
Colorado-based hedge fund firm Dear Park Road has unveiled an offshore version of its existing fund.
The new vehicle, Ski Times Square Ltd., was unveiled April 1 and is a master-feeder structure that invests primarily in residential mortgage asset backed securities, as well as other distressed debt including, such as bonds backed by student loans, according to HFM Week.
The new offshore vehicle has a minimum investment requirement of $1 million and offers quarterly liquidity. Wells Fargo serves as its custodian, Stone Coast as its administrator and Rothstein Kass as its auditor.
Deer Park Road Corporation—which owns the hedge fund firm—is a privately owned registered investment advisor that was founded in 2003. The firm is a multi-fund investment manager focused exclusively on investing in distressed real estate and asset backed fixed-income securities for both high net worth individuals and institutional 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…