Friday, 24 April 2015
Last updated 5 hours ago
Apr 15 2011 | 1:19pm ET
Lupus alpha, a German asset manager with €7.1 billion under management as of December 2010, has lost the head of its hedge fund department, Ulf Becker.
Becker, who was also in charge of the firm’s “Talent Hotel” (a hedge fund seeing business), left to “pursue new personal as well as professional goals,” the firm’s managing partner, Ralf Lochmüller, told the Financial News.
The departure comes as the company is preparing to expand in the absolute return space, with plans to expand the team from 15 to 21 by end-2011. FN says Becker’s responsibilities will be taken on by Alexander Raviol, who had been the partner in charge of absolute return product development, quality and risk management.
FN says Lupus alpha plans to launch a new absolute return investment strategy intended to capitalize on market volatility. Lochmüller says they may be able to hire former proprietary traders.
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…