Tuesday, 28 April 2015
Last updated 10 hours ago
Nov 12 2010 | 2:13am ET
CQS plans to launch its first listed hedge fund on Dec. 15, it said in the new fund’s prospectus.
The London-based firm said it hopes to offer its CQS Diversified through a placement on the London Stock Exchange, both to British institutional investors and international investors. The subscription offer will close on Dec. 9.
The listed vehicle will invest in CQS’s existing Diversified Fund, which launched in 2007. The fund of funds, which invests in other CQS funds, has posted a 10% annualized return and is up 22% this year.
RBS Hoare Govett is serving as bookrunner for the placement. The new fund will feature a provision triggering a continuation vote if its shares trade at a discount of more than 5%.
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…