Saturday, 28 March 2015
Last updated 6 hours ago
Nov 23 2010 | 2:21pm ET
The head of D.E. Shaw Group's portfolio acquisitions unit is leaving the hedge fund to start a firm of his own.
Daniel Posner, who ran D.E. Shaw's distressed securities group, plans to launch a distressed investment hedge fund, HFMWeek reports.
Posner has been at D.E. Shaw for almost nine years, having joined the firm from hedge fund Intermarket Corp. He formerly worked at UBS Warburg Dillon Read, in the distressed debt and special situations group.
Posner's exit comes after D.E. Shaw laid off about 10% of its staff in September following investor redemptions.
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…