Saturday, 25 April 2015
Last updated 1 day ago
Jan 11 2011 | 11:56am ET
Last year proved to be a good time for Deutsche Bank’s former top proprietary trader in Asia to strike it out on his own. Wang Bing’s Nine Masts Capital debuted in May; since then, it has grown fourfold and enjoyed its first double-digit year.
The Hong Kong-based firm’s eponymous hedge fund rose about 20% last year, Bloomberg News reports. The capital structure arbitrage vehicle profited from a spurt in new issuance by Asian companies as well as the dearth of competition in the space.
Nine Masts now manages more than US$120 million. It launched with just US$30 million in capital from its partners and friends and family.
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…