Monday, 4 May 2015
Last updated 2 hours ago
Jan 31 2012 | 1:41pm ET
After three years of strong returns, Majedie Asset Management has closed its "old-fashioned long/short equity fund" to new investment.
The fund currently manages £350 million. London-based Majedie said that clients have known since the Tortoise fund debuted three-and-a-half years ago that this day would come.
"When we launch funds, we always think about the total capacity and tell clients and consultants in advance when it would close," James de Uphaugh, chief investment officer, told Financial News. "That is what we have done. We prefer to prioritize the achievement of really good returns over asset size."
Tortoise has averaged 15.7% returns since inception. Managing director Rob Harris credits the performance to a nimbleness allowed by the fund's size.
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…