Sunday, 3 May 2015
Last updated 1 day ago
Oct 5 2011 | 11:01am ET
After more than tripling its assets under management over the past year-and-a-half, Sandler Capital Management is taking a breather.
The New York-based alternative investments firm has closed its long/short hedge funds to new investment for at least six months. The strategy has grown by more than 200%, including leverage, HFMWeek reports, with the fund and its levered version now managing $2.6 billion. Strong performance and investor inflows are behind the big jump in assets.
Sandler told investors it will take the next few months to determine how much bigger the strategy can get while remaining nimble before reopening.
"We will further enhance our infrastructure during this period for our larger asset base, and will have taken on at least three new hires in 2011," the firm wrote.
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…