Wednesday, 1 April 2015
Last updated 16 min ago
Nov 15 2010 | 4:16am ET
Microsoft co-founder Paul Allen has hired a FrontPoint Partners co-founder to run his own private investment office.
Paul Ghaffari was named chief investment officer of Seattle-based Vulcan Capital, the investment division of Allen’s Vulcan Inc. Ghaffari joined the firm on Nov. 1 and will manage part of the billionaire’s fortune.
Ghaffari succeeds Chris Temple, who left Vulcan almost a year ago after only seven months.
Since leaving FrontPoint in 2006, after its sale to Morgan Stanley, Ghaffari has run two hedge funds, Palatine Hill Partners and Capitoline LLC. He has since shuttered both vehicles to begin working for Allen.
Prior to co-founding FrontPoint, Ghaffari was a portfolio manager at Soros Fund Management and worked for Morgan Stanley Investment Management.
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…