Friday, 24 April 2015
Last updated 3 hours ago
Aug 1 2011 | 11:58am ET
AlphaTran Capital will close its doors three years after its launch, the firm's executives have decided.
The London-based firm's members voted last month to liquidate its funds and close the firm, regulatory filings show. The firm was solvent at the time of the decision, its liquidator, Kinetic Partners' Bill Cleghorn, told Reuters.
AlphaTran was founded in 2008 by three industry veterans, led by The Children's Invest Fund's Damien Tran. The long/short equity fund was seeded by Thames River Capital and was designed to take advantage of market volatility—which spiked months later, when Lehman Brothers collapsed.
In addition to Tran, AlphaTran was founded by Christophe Puyo, formerly of Société Générale Asset Management, and Christophe Beauvilain, formerly of Phylon. Beauvilain resigned last year to set up Perenne Capital.
It is unclear how much AlphaTran managed at the time of its decision to wind down; it was seeded with US$50 million by Thames River. It is also unclear how it performed during its three years, or whether either played a role in the decision to close.
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…