Tuesday, 26 May 2015
Last updated 7 min ago
Mar 30 2012 | 12:45pm ET
Tradex Global Advisors plans to bring its two-year-old liquid fund of hedge funds onshore.
The Connecticut firm will unveil the Tradex Global Liquid 50 onshore fund within the next two months, HFMWeek reports. Like the offshore fund it will mirror, the Tradex Global SPC Limited-The Liquid 50 Segregated Portfolio, the new fund will invest in liquid strategies, whose managers aggregate their securities monthly to verify said liquidity. The new fund, which has a $300 million capacity, will invest in about 30 underlying managers.
Tradex launched the offshore Liquid 50 fund in late 2009. The fund returned 0.3% last year.
The new fund will have a $100,000 minimum investment requirement with monthly liquidity. It will charge 1.5% for management and 15% for performance.
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…