Sunday, 26 April 2015
Last updated 2 days ago
Oct 11 2010 | 1:28pm ET
GLG Partners is launching a UCITS III-compliant version of its US$250 million macro fund, headed by one of its top hedge fund managers.
The new Atlas Macro Alternative Fund will be GLG’s eighth UCITS fund. It is also likely the last new fund news to come out of an independent GLG, with the firm’s shareholders set to approve its acquisition by the Man Group tomorrow.
The UCITS macro fund will mirror GLG’s Atlas Macro Fund, and will feature the same management, the Financial Times reports. Former Goldman Sachs trader Driss Ben-Brahim, who joined GLG two years ago, and GLG strategy chief Jamil Baz will helm the new fund.
The UCITS version will target annual returns of between 10% and 15%, with volatility of between 10% and 15%.
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…