Sunday, 3 May 2015
Last updated 1 day ago
Jan 26 2011 | 2:37am ET
It's a first for Varus Capital Management, and a big one: The Swiss firm has attracted its first U.S. investor, and it already accounts for 5% of its assets under management.
The Zurich-based firm did not identify the investor, saying only that it was a fund of hedge funds based in Greenwich, Conn. But Varus, founded by Absolute Capital Management veterans Stefan Heieck and Frank Siebrecht, hope the first will not be the last, and have created a new share class for U.S. investors.
Any other American clients will pay 1% for management and 25% for performance, HFMWeek reports.
Varus, which specializes in German mid- and large-cap companies, also told investors that it was boosting its bets on real estate, construction, digital lifestyles, information technology services and mergers and acquisitions.
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…