Tuesday, 5 May 2015
Last updated 2 hours ago
Jul 7 2010 | 1:14pm ET
Energy and utilities hedge fund Copia Capital has completed its spin-off from FrontPoint Partners, the Chicago-based firm said today.
The newly-independent Copia boasts some $520 million in assets under management. Despite its split from the Morgan Stanley-owned hedge fund, FrontPoint will remain a strategic investment with Copia, and Copia will continue to manage money on FrontPoint’s behalf. Copia debuted in early 2002, and six months later began serving as an investment adviser to FrontPoint.
According to Copia, the move broadens equity ownership among the firm’s partners.
"Now is an opportune time for Copia to launch as an institutional-quality investment advisor,” said Tim Flannery, managing partner and founder. “We believe the rapidly changing energy regulatory environment, structural and technological developments and sector inefficiencies will create unprecedented investment opportunities from which Copia’s investors can profit.”
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…