Monday, 4 May 2015
Last updated 11 min ago
Apr 12 2012 | 11:30am ET
While many hedge fund managers have embraced the use of multiple prime brokers, Paulson & Co. is sticking with JPMorgan Chase, almost exclusively.
Seven of the New York-based firm's eight funds use JPMorgan as their prime broker, Paulson's recent Securities and Exchange Commission filing—required by new financial regulations—shows. The eighth fund also uses just one prime broker, Goldman Sachs.
The somewhat surprising revelation emerged despite Paulson's best efforts to conceal whatever it could in the new form ADV. Rather than name his funds, as many of his peers have done, Paulson's filing simply numbers them, Paulson Fund 1 through Paulson Fund 8.
Paulson couldn't hide anything. In addition to identifying its prime brokers, the firm was forced to name Rothstein Kass as its auditors and Plus Securities as its marketer.
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…