Saturday, 18 April 2015
Last updated 1 hour ago
Oct 5 2010 | 6:26pm ET
BlackRock CEO Laurence Fink's son, Joshua, made his father very, very proud with an exceptionally strong September for his hedge fund.
The younger Fink's Enso Capital Management rose 14.5% last month, lapping both the Standard & Poor's 500 Index, which added 8.9%, and most, if not all, of its fellow hedge funds. Enso, which manages about $200 million, is up about 25% this year, The Wall Street Journal reports.
Like many of last month's winners, Fink profited from his bullish bets. His conviction was spurred by the companies Enso spoke with, who proved less bearish than most about commodity consumption. Over the summer, Enso boosted its exposure.
Big positions in commodity stocks drove Enso's performance, according to the Journal.
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…