Saturday, 23 May 2015
Last updated 13 hours ago
Jul 6 2011 | 12:33pm ET
Skandia Investment Group may launch an emerging markets version of its popular Best Ideas Fund.
The firm's European Best Ideas fund of funds, which includes both hedge fund and long-only managers, has enjoyed a 30% return over the past 12 months. Participating managers receive about €50 million each to invest in their top 10 stock picks; the fund currently manages more than €500 million, which is allocated to the likes of Odey Asset Management's Crispin Odey and Acadian Asset Management's John Chisholm.
Now, however, investors are looking for the same from emerging markets hedge funds, European Best Ideas manager Lee Freeman-Shor told Bloomberg News.
"There's a lot of interest for some sort of Asia-Latin America-Emerging Markets 'best ideas' product and we are doing research into whether that is possible," Freeman-Shor said. "We have to see if there are enough good managers to make it work and if we would raise a lot of money into it to make it viable."
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…