Saturday, 28 March 2015
Last updated 18 hours ago
Dec 15 2011 | 2:16pm ET
Another blue-chip hedge fund manager is giving up outside capital to avoid having to register with U.S. regulators.
Henry Swieca will return all of the outside capital to his Talpion Fund Management. Client money accounts for only about one-fifth of Talpion's $500 million in assets under management, Bloomberg News reports.
Swieca, the co-founder of Highbridge Capital Management, follows George Soros into the family office business. Hedge funds will be required to register with the Securities and Exchange Commission by March.
Talpion has not yet informed all investors about its plans. The firm has been managing outside capital since April of 2010, and formally launched the fund earlier this year. Swieca plans to continue managing the long/short equity fund with his own and family money.
He also plans to begin seeding Talpion managers' own hedge fund plans.
Swieca left Highbridge, now owned by JPMorgan Chase, in 2009.
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…