Saturday, 18 April 2015
Last updated 1 hour ago
Mar 8 2007 | 10:59am ET
Niagara Capital Partners and Friedberg Mercantile Group have partnered up to launch the Niagara/Friedberg Global-Macro Fund, a Caymans-based feeder fund, with an investment of US$18.5 million from a Canadian pension fund.This brings assets in the master fund, the Friedberg Global-Macro Hedge Fund, to $255 million.
The feeder fund will accept subscriptions from tax-exempt Canadian and U.S. institutional investors as well as non-North American investors.
The Friedberg master fund allocates capital to a variety of strategies including global fixed income, long-short U.S. equities, currencies, and commodities and financial futures. Since inception in December 2001, the fund has achieved a 12.98% compounded rate of return, according to the firm.
The master fund charges fees of 2/20 with a $250,000 minimum investment requirement.
Niagara Capital offers investments in alternative strategies managed under an exclusive agreement with FMG. In addition to its role with the Friedberg Global Macro Hedge Fund Ltd. and its feeders, the firm has been incubating a fund of commodity trading advisors.
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…