Thursday, 7 May 2015
Last updated 14 hours ago
Sep 16 2010 | 2:06pm ET
It was a good idea, in theory, but Theory Capital Partners is closing its doors after raising money proved, in practice, too difficult.
The Boston-based firm debuted only last year, founded by two veterans of another short-lived Boston hedge fund, former Tudor Investment Corp. veteran James Pallotta’s Raptor Capital Management. But last month, Robert Broggi and Carl Fantasia e-mailed clients to say they would be getting their money back because Theory couldn't raise enough of it.
Given poor “current and future prospects to raise capital, we concluded it was in the best interests of our existing limited partners and the team at Theory Capital to wind down operations,” the two said in an e-mail on Aug. 25.
All told, the firm raised less than $100 million, according to Reuters.
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…