Monday, 4 May 2015
Last updated 1 hour ago
Mar 20 2012 | 1:32pm ET
Hedge fund TIG Advisors is pulling the plug on its emerging markets portfolio.
The New York-based firm is liquidating the $210 million Global Emerging Markets fund, it told investors. The 15-year old fund, which once managed $1.5 billion, had suffered two straight losing years, including 11% last year, Reuters reports.
"Our Global Emerging Markets funds have been closed and are being liquidated," TIG wrote in a March 9 e-mail.
TIG still manages four other hedge funds with a combined $1.1 billion in assets.
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…