Wednesday, 1 April 2015
Last updated 7 hours ago
Nov 2 2010 | 2:41am ET
Cazenove Capital Management will reopen its Absolute U.K. Dynamic funds at the end of the year, more than a year after shutting the funds to new investment.
The listed vehicles—a hedge fund and a UCITS III-compliant fund—currently manage £146 million between them, thanks to strong performance since the April exit of manager Neil Pegrum. The two funds suffered a combined £181 million in outflows after Pegrum's departure.
Now, Cazenove will welcome £60 million in new money through share sales beginning on Dec. 28.
"We feel now is the right time to re-open the fund as the team is embedded, the portfolio is working well and liquidity has improved," Robin Minter-Kemp, managing director of investment funds, said. "The team believes it is back on track to achieve the objective of the fund in delivering 10%-plus per annum over the medium term."
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
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…