Tuesday, 28 April 2015
Last updated 10 hours ago
Sep 7 2010 | 8:50am ET
London-based City Financial has launched an Asian fund of hedge funds, hiring Clontarf Capital to manage the new portfolio.
The new fund is targeted at institutional investors with an appetite for the growing region.
“Not long ago, the Asian hedge fund market was considered ‘the wild east,’ but this is simply no longer the case,” City Financial CEO Andrew Williams said. Instead, the firm sees “strong maturation” in the Asian hedge fund market.
The Asian Absolute Growth Fund will be managed by Clontarf founder Aoifinn Devitt. It will include 10 high-conviction underlying managers and target annual returns of 15%.
The new fund will charge a 10% performance fee and 1.25% management fee, with larger investors getting a break on both. Such investors will only pay the performance fee on returns exceeding 10%, and will pay a management fee of 0.8%.
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…