Tuesday, 28 April 2015
Last updated 2 hours ago
Dec 23 2010 | 10:07am ET
Kingsland Capital has launched a concentrated multi-strategy hedge fund.
The New York-based firm, which is majority-owned by women and manages $2.2 billion, hopes to raise between $300 million and $500 million for the fund next year, firm founder Joyce Delucca told HedgeFund.net.
The fund has between 10 and 15 long and short positions, employing distressed credit, capital structure arbitrage and equity hedge strategies. It charges 1.5% for management and 20% for performance with a 5% annual threshold. There is a $1 million minimum investment requirement.
Cantor Fitzgerald and Goldman Sachs are the new fund’s prime brokers and Alternative Investment Solutions the administrator. The fund is domiciled in the Cayman Islands.
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…