Monday, 27 April 2015
Last updated 17 min ago
Apr 4 2007 | 10:21am ET
New York-based SkyBridge Capital will invest in Ironshield Capital Management, a new London-based hedge fund founded by former Bank of America principal David Nazar.
Ironshield, a stressed and distressed debt shop, is expected to launch later this year, according to Don Rogers, a partner SkyBridge, who declined to give a specific timeline.
Before forming his own firm, Nazar headed BofA’s stressed and distressed debt prop trading desk.
In addition to its investment, the size of which was not disclosed, SkyBridge will provide the nascent fund with a team to build up its operations.
Rogers said that Skybridge takes an opportunistic approach to investing in emerging managers.
“People frequently come to us with ideas about talented people who are starting their own firms so we’re really opportunistic and not focused on filling a particular strategy,” he said. “It comes down to finding the right people and pursuing the right opportunity.”
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…