Thursday, 26 March 2015
Last updated 1 hour ago
Mar 17 2011 | 1:36pm ET
A hedge fund founded by a former Galleon Group portfolio manager is closing its doors.
Ketchem Creek Capital Management founder Richard Sherlund has decided to return to the sell-side, HFMWeek reports, and its liquidating his hedge fund and shutting its doors. Ketchem Creek never opened to outside investors, spending its two years managing Sherlund's money.
Sherlund had won a commitment from Microsoft billionaire Paul Allen's Vulcan Capital to launch at technology, media and telecommunications fund.
Sherlund worked as a software analyst at Goldman Sachs before joining Galleon in 2007, just a year-and-a-half before Galleon founder Raj Rajaratnam's arrest on insider-trading charges. His decision to pull the plug on Ketchem Creek comes in the middle of Rajaratnam's trial.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
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…