Tuesday, 21 April 2015
Last updated 11 hours ago
May 4 2011 | 11:51am ET
Evolved Alpha, a fund of hedge funds manager with a unique risk-management structure, is reopening its flagship fund to new investors.
The fund, which is up 5% this year, invests in underlying hedge funds via managed accounts, with the added twist that Evolved Alpha, and not the manager, actually owns all underlying positions. The structure eliminates fraud risk and increases valuation certainty, the firm says.
"Recent performance has led to increased demand," co-founder Jesse Redmond told HFMWeek. "We will always be a boutique firm focused on specialized strategies—unique strategies trading unique markets. Based on current agreements, we can deploy over $200 million without altering the portfolio."
Evolved Alpha was founded last year by Redmond and Justin Pawl, formerly co-managers of the Alpha Titans Fund.
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…