Wednesday, 6 May 2015
Last updated 1 hour ago
Feb 23 2011 | 6:38am ET
The Louis Dreyfus Group has closed its commodity hedge fund to investors after the fund grew from US$100 million at its launch just over two years ago to US$2 billion today.
The Commodities Alpha Fund enjoyed a 17.3% return last year, well ahead of both the average hedge fund and the average commodities hedge fund. The fund, which launched in November 2008, invests primarily in agricultural commodities, Bloomberg News reports.
The commodities fund is managed by Ian McIntosh, a Geneva, Switzerland-based trader who has been with Louis Dreyfus for more than 25 years.
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…