Sunday, 26 April 2015
Last updated 1 day ago
Mar 3 2011 | 12:31pm ET
The hedge fund industry gained a net 192 new funds last year, the first in three when hedge fund launches were more numerous than hedge fund liquidations.
In 2010, 935 funds were launched against 743 that liquidated, Hedge Fund Research said. Both figures are significant: The number of new launches is the largest since almost 1,200 debuted in 2007, and the number of liquidations is almost half the 1,471 funds that closed their doors in the teeth of the financial crisis, in 2008.
In the fourth quarter, 220 new funds were launched and 158 closed their doors; the latter figure is the lowest since the fourth quarter of 2007.
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…