Monday, 27 April 2015
Last updated 2 days ago
Jan 18 2011 | 8:20pm ET
Troubled hedge fund RAB Capital is turning to the booming UCITS III-compliant arena in an effort to rebuild its asset base.
The London-based firm, which has seen its assets dwindle from more than US$7 billion to about US$1 billion, plans to launch its first UCITS fund, according to published reports. The firm has been mulling a move into the UCITS space since last year.
RAB’s expansion into UCITS comes as it cuts back on its exposure to Asia. The firm last month made its second round of job cuts in the region and shelved plans to launch a new Asia-focused fund, leaving the firm without a fund dedicated to the region.
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…