Monday, 27 April 2015
Last updated 13 min ago
Sep 24 2010 | 11:51am ET
In its second full year, one brotherly hedge fund has really hit its stride. The European long/short fund run by Caxton Associates and SAC Capital Advisors veterans Abe and Jack Eisenstat has soared 24.75% this year.
The firm, called Dabroes Management—what else?—has enjoyed one of the strongest years of any hedge fund after rising 5% last month. The average hedge fund is up about 2% this year, according to most hedge fund indices.
The results are a striking turnaround for Dabroes, which lost about 2% last year, when the average hedge fund returned approximately 20%. The $750 million firm survived its early troubles thanks to its year-long lockup and the way the firm set up the business during the financial crisis, MarketWatch reports.
The broes in question managed a similar hedge fund at Caxton for five years before leaving the firm to found Dabroes. They also ran a European long/short fund at SAC from December 2000 to March 2003.
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…