Tuesday, 26 May 2015
Last updated 2 hours ago
Apr 5 2012 | 11:40am ET
Consultancy Cliffwater Associates is planning a major international expansion, starting in London.
The Los Angeles-based alternatives specialist is set to open an office in the British capital. The firm is also mulling a presence in Hong Kong, moves that—along with Cliffwater's existing New York office—would give it feet on the ground in the world's three most important hedge fund centers.
"U.K. activity is ramping up on both the consultant and fund manager side and Cliffwater has also seen that a number of hedge funds are enhancing their London office or opening in London and we anticipate growth in existing funds as well as new launches," CEO Stephen Nesbitt told HFM. "From the U.S.A.'s perspective, Europe is viewed as having a great deal of investment opportunity from distressed and restructuring credit; due to the European sovereign debt crisis, and because the U.K. is a natural hub for hedge funds, it would make sense to be located in London."
Nesbitt said the new office or offices will be up and running within two years.
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…