Monday, 27 April 2015
Last updated 3 min ago
Apr 2 2012 | 1:25pm ET
Segantii Asset Management has more than doubled its Asia multi-strategy fund's assets—the hard way.
The Hong Kong-based firm's Asia-Pacific Equity Multi-Strategy Fund has seen its assets soar to US$550 million since the middle of last year. Most of that growth comes not from investors, however: Segantii earned 41% for investors over the period, Reuters reports, while most Asian hedge funds lost more than 8% and many smaller Asian hedge funds were forced to close their doors.
The asset growth has Segantii growing in other ways, adding four employees, inlcuding former Credit Suisse executive Kirtes Bharti as head of financing.
Segantii is up about 0.3% this year.
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…