Saturday, 25 April 2015
Last updated 1 day ago
May 19 2011 | 2:26pm ET
Rocky Mountain hedge fund Implied Capital is going offshore.
The Boulder, Colo.-based firm has launched an offshore version of its flagship Volatility Risk Premium Fund, HFMWeek reports. The new fund targets U.S. tax-exempt investors and debuted earlier this month.
Implied Capital launched the onshore version of the fund last summer after building up a three-year track record. The liquid market-neutral strategy got its start with $10 million, although the firm, founded and managed by Florida State University finance professor James Doran, hoped to raise $100 million.
Like the onshore fund, the offshore fund will charge 2% for management and 20% for performance with a $1 million minimum investment requirement. But the offshore fund has easier liquidity terms, offering investors the opportunity to redeem monthly rather than quarterly.
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…