Saturday, 28 March 2015
Last updated 12 hours ago
Jun 27 2011 | 3:10am ET
Knight Vinke Asset Management is mulling a hedge fund based on its research on financials.
The Monaco-based activist shop may launch a long/short global financials fund, a vehicle that would be its first foray into shorting equities, Financial News reports. Knight Vinke has been researching financial stocks since 2007, when it began its campaign against HSBC Holding.
HSBC remains Knight Vinke’s only public financial holding, although a source told FN that it has several smaller holdings that do not require public disclosure.
Knight Vinke said that “no decision has been taken to launch a fund.”
“The analysis of the banking industry, which Knight Vinke has developed over the past few years, has been much appreciated by many of the world’s largest institutional investors and regulators, and we have chosen to continue to maintain that database as a benefit to our clients,” a spokesman for the firm said.
According to FN, Knight Vinke deputy CEO Glen Suarez would manage the fund. The firm is reportedly sounding out potential investors.
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…