Saturday, 18 April 2015
Last updated 16 hours ago
Jul 27 2011 | 12:40pm ET
New European hedge funds are twice as large, on average, as they were last year, according to new figures from EuroHedge.
The average size of European offshore hedge funds launched during the first half was US$116 million. That's almost twice the average of US$65 million from the first half of last year and exceeds the record of US$102 million from the first half of 2008.
All told, the total number of new launches dropped to 45 from 58 in the year-earlier period, but the smaller number raised US$5.2 billion, 40% more than the larger number did in the first half of 2010. Thirteen of the 45 raised at least US$100 million.
"Investors are increasingly keen to back proven managers at a time of change and opportunity throughout the financial industry," EuroHedge's Nick Evans said. "There have been many high-quality launches this year, often starting with significant seed investment from some very savvy investors, and the pipeline looks strong for some big new launches in the second half."
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…