Saturday, 28 March 2015
Last updated 1 day ago
Jan 26 2012 | 9:52am ET
Valhalla Capital veteran Stephen Hart is back with a new hedge fund firm and a maiden foreign exchange and commodities trading adviser offering.
Hart's Candor Capital Advisors' CandorFX Series 1.1 launched in the fourth quarter, HFMWeek reports. The fund's proprietary trading program focuses on the spot foreign exchange markets, aiming for very low correlation with traditional investments.
CandorFX is actually the second hedge fund Hart launched last year: He was responsible for Valhalla's new spot forex strategy, as well.
Hart told HFM he left Valhalla to found Maryland-based Candor to focus exclusively on foreign exchange. The new fund has a $100 million capacity, a $25,000 minimum investment requirement and no lock-up period. Targeted at high net-worth individuals and funds of hedge funds, Candor charges 2% for management and 25% for performance.
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…