Sunday, 29 March 2015
Last updated 2 days ago
Oct 28 2011 | 12:33pm ET
Reinsurance isn't SAC Capital Advisors' only big plan. The $14 billion hedge fund, seeing greater opportunities in Japan, plans to open an office in Tokyo early next year.
SAC unveiled its Tokyo plans at a meeting with investors in New York this week. Executives told clients that the firm has hired four portfolio managers in Asia this year and now boasts 13 total.
Firm founder Steven Cohen sees growing opportunities in Japan, where long/short hedge funds have done fairly well this year, Bloomberg News reports.
SAC's Tokyo base will be its fourth Asian office, after Hong Kong, Singapore and Beijing. In addition to its Stamford, Conn., base and New York office, the firm also has presences in Boston, Chicago and London.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
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…