Sunday, 24 May 2015
Last updated 1 day ago
Jan 14 2011 | 1:19pm ET
Singapore-based Quantedge Capital already knows what it wants for Christmas: to be managing twice as much at the end of the year as at the beginning for the second year in a row.
The quantitative firm plans to more than double the size of its global macro hedge fund by the end of the year to US$200 million, Bloomberg News reports. And it has some pretty impressive marketing materials: The Quantedge Global Fund returned a whopping 80% last year, its best year since launching in 2006.
The fund currently manages about US$75 million, and should break that US$100 million mark by the end of the first quarter.
Quantedge co-founder Leow Kah Shin told Bloomberg that the firm is looking for investors who "understand the need to accept short-term volatility in exchange for strong long-term capital growth."
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…