Thursday, 7 May 2015
Last updated 15 hours ago
Aug 23 2011 | 11:55am ET
London-based Prestige Asset Management has launched its first Malta-domiciled hedge fund and has opened an office on the Mediterranean island.
Prestige's multi-manager Equity Options fund debuted on June 1, HedgeCo.net reports. The fund includes three managers, all of whom "use a combination of both long and short volatility trading strategies and much of the trading is short and medium term in nature."
The fund is among the lowest-risk vehicles offered by the firm, it said.
"It operates a portfolio mandate that does not need the market to trend, and can benefit enormously from lack of direction but continuously attempting to manage and diversify risk which hopefully allows us to sleep at night," Prestige said.
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…