Saturday, 25 April 2015
Last updated 14 hours ago
Sep 26 2011 | 1:46pm ET
Aspect Capital rode increased interest in managed futures funds last year to a more than fivefold increase in its annual profit.
The London-based quantitative hedge fund said its pre-tax profits last year were £7.8 million, Financial News reports, up from £1.4 million in 2009. Revenue also soared, from £42.1 million to £55.8 million, as assets under management jumped US$700 million to US$4.3 billion. Assets have grown another US$1.5 billion this year.
The increase in fee income was attributable to Aspect's return to its high-water mark at the end of last year, making the firm able to charge performance fees once again.
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…