Friday, 22 May 2015
Last updated 11 min ago
Sep 3 2010 | 11:21am ET
Credit hedge fund shop Concerto Asset Management has won a €60 million mandate from a European fund of hedge funds, which it hopes will open the door to extensive institutional investor interest .
Charlotte, N.C.-based Concerto was hired by London-based Goodhart Partners to fill an absolute return credit mandate for its Target Return bond fund.
“With government bond yields at such low levels, there is a real need for products, which can replace that lost return without simply chasing after more yield further down the capital structure,” founder Julie Bouhuys said. “We have designed this product to do exactly that, and believe that the move away from traditional, index-based bond investing will gather momentum in the coming years, especially with pensions and endowments.”
The mandate pushes Concerto’s assets under management to US$140 million.
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…