Saturday, 18 April 2015
Last updated 9 hours ago
Dec 16 2011 | 4:12am ET
Hedge fund Boyer Allan Investment Management will close two of its three funds amidst falling performance and assets.
The Hong Kong- and London-based firm will shut both its Pacific and Greater China funds, whose assets have dropped from $638 million to about $375 million this year, Reuters reports. The former is down 18.7% this year and the latter 7.8%.
Boyer Allan, which managed $1.8 billion prior to the financial crisis, will continue to manage its Pacific Opportunities Fund.
Boyer Allan is the latest firm to close hedge funds in Asia. More than 123 in the region have liquidated this year.
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…