Friday, 22 May 2015
Last updated 2 hours ago
Nov 12 2010 | 2:16am ET
Austria’s Erste Group Bank is jumping on the UCITS III bandwagon with a new fund of hedge funds set for launch next year.
Erste’s ESPA Alternative Diversified Fund will debut in January, HFMWeek reports. It will be the Vienna-based firm’s first UCITS-compliant offering; the firm currently manages some US$650 million in multi-strategy funds of funds.
The new fund will be seeded with €50 million by the firm, although Erste expects it to be managing outside money—primarily from local Austrian investors—when it launches. It will be managed by Mark Cachia and the rest of Erste’s alternative investments group, and will include between 15 and 20 underlying managers.
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…