Saturday, 18 April 2015
Last updated 21 hours ago
Jun 11 2010 | 11:57am ET
London-based Alternative Advisors is adding another vehicle to the UCITS III explosion with a fund of hedge funds launch next week.
The firm’s Castillon Diversified Fund will debut on Wednesday, the firm said, with €60 million in initial assets. The euro-denominated fund will be managed by William Kitchin, head of investment research at Alternative Advisors. Before joining that firm, Kitchin did stints in hedge fund manager selection and strategy research at Morgan Stanley, Russell Investments and Tremont Capital Management.
To maintain its UCITS compliance, Castillon will invest only in UCITS-compliant absolute return funds and regulated financial instruments.
The fund, which offers weekly liquidity, will charge its retail investors a 1.25% management fee, while institutional investors will pay 1%. All investors will pay a 10% performance fee above the three-month LIBOR rate.
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…