Friday, 27 March 2015
Last updated 16 min ago
Feb 7 2012 | 12:38pm ET
A difficult fundraising environment for start-up hedge funds has claimed another victim.
Atwater Capital, founded two years ago by a pair of Atticus Capital veterans with seed capital from Atticus founder Timothy Barakett, is liquidating and returning money to investors, Financial News reports. The firm threw in the towel after it was unable to reach critical asset mass, sources said.
The fund managed $163.6 million at the end of last year, making it hard to convince larger investors to entrust their capital to the firm.
Lee Pollock and Kris Green founded the New York firm after Barakett called it quits at Atticus in 2009. The event-driven fund returned 5.44% in 2010 and lost 3.01% last year.
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…