Wednesday, 6 May 2015
Last updated 19 hours ago
Sep 8 2010 | 3:36pm ET
Investors’ taste for UCITS III-compliant hedge funds helped European hedge funds continue to grow—and shook up the continent’s top 50 hedge fund firms.
According to Newedge, Europe’s top 50 hedge funds increased their assets under management 11% over the past year-and-a-half. Those firms now manage some US$300 million.
The gains were particularly notable among those firms with large stables of UCITS-compliant hedge funds. Dexia Asset Management—ranked 31st at the beginning of last year—surged to 13th place among European hedge funds, thanks to its UCITS funds. Even relative newcomers to the space, such as M&H Investments, moving up a few places.
Established managers, such as BlackRock, also relied on its UCITS funds for big inflows. BlackRock’s hedge fund assets under management rose 27% to US$21.7 billion.
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…