Saturday, 25 April 2015
Last updated 8 hours ago
Jan 6 2012 | 9:08am ET
Carrhae Capital is well on its way to its US$500 million fundraising goal.
The London-based firm, founded by former SAC Capital Advisors trader Ali Akay, has raised US$150 million since it debuted last month. That amount, raised from just one investor, is in addition to the US$200 million Carrhae raised prior to its launch, HedgeFund.net reports.
It is unclear who that investor is, but Reuters reported in November that Carrhae was in advanced talks with the Blackstone Group about seeding its fund.
Carrhae, an emerging markets fund, began trading on Dec. 1 and opened to investors on Dec. 12. The firm expects to reach the US$500 million mark early this year.
Carrhae has a US$5 million minimum investment requirement.
In addition to Akay, Carrhae features two other former SAC traders on its six-member team.
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…