Wednesday, 1 April 2015
Last updated 8 hours ago
Mar 15 2012 | 2:41am ET
Healthcare was the death of FrontPoint Partners, but it's given new life to one former executive.
Brian Shim and partner Eli Casdin, formerly of Alliance Bernstein, rolled out an equity long/short healthcare hedge fund earlier this year. Shim serves as CFO and chief operating officer at Casdin Capital, which he and Casdin set up in November, HFMWeek reports.
Shim left FrontPoint's Brookville Funds, where he was an executive director, in July. FrontPoint went out of business in January, little more than a year after its top healthcare hedge fund manager, Joseph Skowron, was named in an insider-trading scandal. Skowron went to prison, and FrontPoint never recovered, closing or spinning off all of its hedge funds.
Casdin was an analyst for four years at Alliance Bernstein, also leaving that firm in July. He formerly worked as an analyst at Goldman Sachs.
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…