Sunday, 26 April 2015
Last updated 2 days ago
Nov 11 2011 | 11:19am ET
Hedge fund Kerrisdale Advisers has taken its flagship offshore.
The New York-based fund launched Kerrisdale Partners Offshore earlier this month, HFMWeek reports. Kerrisdale was pushed to create the offshore version by non-U.S. and tax-exempt investors, no surprise given that the fund has soared 157% this year, following its 66% return last year.
The firm's flagship is a concentrated, opportunistic long/short equity strategy, with between half and 75% of its portfolio invested in just 10 to 15 names. Recently, Kerrisdale, which was founded by former Longacre Fund Management analyst Sahm Adrangi two years ago, has been seeking to expose fraudulent Chinese companies.
The offshore fund was seeded with $6.5 million from a fund of hedge funds.
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…