Sunday, 19 April 2015
Last updated 7 hours ago
Oct 14 2011 | 8:27am ET
T&D Asset Management, an arm of the Japanese insurer T&D Holdings, has closed the $27 billion Japan-focused hedge fund it launched in 2010.
The T&D Japanese Equity Long&Short Fund, which launched with about $9.1 million in June of last year, was closed in September due to higher-than-expected trading costs, reports Bloomberg, citing “four people familiar with the matter.”
The sources said costs related to executing stock trades resulted in a negative performance for the fund.
Susumu Tominaga and Kazuko Yuzaki, who left Tokyo-based hedge fund research firm Yunzei Investment Research to oversee the T&D fund, have both left the company.
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…