Sunday, 26 April 2015
Last updated 1 day ago
Aug 12 2011 | 9:59am ET
Hedge fund administrator Sauer Capital has introduced a pair of new services for clients, including improved functionality for side-pockets.
Clients employing Sauer's proprietary fund accounting platform will now have access to improved accounting and reporting features for both side pockets and special purpose vehicles, making it easier for hedge fund managers to segregate illiquid investments.
Among the features offered are automatic movement of the proceeds of realized events from side pockets to the main portfolio.
Sauer has also adopted a new valuation system for non-European equities. The recently-launched Fair Value Pricing is the most automated system for valuing such stocks.
"Fair Value Pricing is an important tool for institutions such as mutual funds because it enables them to determine the value of the securities in their portfolios if a significant event occurs after the close of the markets that trade those securities," Willem Oris of Sauer's global markets division said. "This enables us to calculate a more accurate net asset value or unitized value."
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…