Saturday, 28 March 2015
Last updated 1 day ago
Jun 7 2010 | 10:43am ET
One of the year’s most hotly-anticipated new hedge funds raised less than half the amount it hoped to at inception, despite its manager’s top-notch record.
London-based Ridley Park Capital launched its first fund last month. But the firm was able to drum up only US$200 million for the vehicle, according to the Financial Times. Ridley Park founder Julian Barnett had hoped to raise as much as US$500 million.
Barnett left Polar Capital, where he was once of its top hedge fund managers, last year. At Polar, Barnett managed the firm’s Paragon Fund, which boasted US$875 million in assetes under managemen at its peak.
During five years at the fund’s helm—Barnett managed it from its inception in 2004—Paragon lived up to its name, earning a 28% annualized return, including a 21% jump in 2008, when the average hedge fund lost nearly as much.
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…