Monday, 25 May 2015
Last updated 2 days ago
Jan 19 2011 | 4:55am ET
Antarctica Asset Management rang in the new year with a brand-new product.
The $1.6 billion London-based fund of hedge funds shop launched its Global Macro Fund on Jan. 1. The new fund employs the same global macro strategy used by the firm’s two multistrategy funds, Pensions & Investments reports. The concentrated vehicle has between 15 and 20 underlying managers.
“We designed the fund to be uncorrelated… with the ability to dynamically allocate to subtrategies where we see more opportunities,” principal Pieter de Weerdt told P&I. “Thematic or directional allocators will typically do well in recovery and bull market periods, while trading platforms and relative value managers should provide anchor returns with low volatility and low correlation to the rest of the portfolio.”
Antarctica decided to carve out its global macro program as a separate fund in response to demands from institutional investors.
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…