Tuesday, 26 May 2015
Last updated 58 sec ago
Jul 21 2010 | 10:20am ET
Polygon Investment Partners may tap a former Morgan Stanley executive to help it unwind its flagship hedge fund.
The London-based firm is in talks with John Carrafiell, former global co-head of Morgan Stanley Real Estate, to advise it on its German commercial property holdings, Financial News reports. The hedge fund hopes that Carrafiell can maximize the returns on its remaining property investments, which total about US$30 million of the fund’s remaining US$1.4 billion in assets.
Carrafiell helped build Morgan Stanley’s own property funds during his 21 years with the firm. Since retiring, he was established his own real estate advisory, Alpha Real Estate Advisors.
Polygon elected to shutter its multi-strategy flagship as it lost nearly half its value in 2008. About 60% of fund has already been returned to investors, with another 20% coming by the end of this year.
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…