Monday, 30 March 2015
Last updated 2 days ago
Mar 14 2012 | 2:35pm ET
New hedge fund firm Quippa Capital Management will roll out a global macro offering in the second quarter—its maiden launch.
New York-based Quippa's first fund will have a long volatility bias in most environments, HFMWeek reports. It will launch, later in the second quarter, with internal capital and investments by several high-net worth individuals.
Quippa hopes to have $150 million in assets under management by the end of the year.
Quippa is the new base for David Mike, a former Goldman Sachs derivatives specialist. After leaving Goldman, Mike worked at Deutsche Bank and has been, since last year, a consultant to ADK Capital. Mike is hoping to hire a CFO for the new firm.
The new firm will charge 2% for management and 20% for performance, with a one year lockup—except for early investors in the founders' share class, who will get lower fees in exchange for an 18-month lockup. There is also a minimum investment requirement: $3 million for individuals and $10 million for institutions.
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…