Monday, 4 May 2015
Last updated 4 hours ago
Jan 26 2012 | 1:24am ET
A volatile 2011 proved handsomely profitable for 36 South Capital Advisors.
The London-based firm’s tail risk fund, Black Orlov, soared 101% last year. Then again, such returns are nothing new for 36 South, whose previous black swan fund, shuttered in 2009, returned 234% during the economic crisis in 2008.
36 South launched the new fund in 2010. It didn’t do very well initially—its return since inception in June of that year is just 43%. But it earned hundreds of percent on its positive carry U.S. dollar interest rate swaps, HFMWeek reports.
“We are very proud of the performance of this product, through what has been quite a difficult trading environment in terms of value opportunities and market behavior,” principal Anthony Limbrick said. “The performance is a testament to a systematic approach to finding value based on proprietary processes and analytical tools.”
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…