Sunday, 29 March 2015
Last updated 1 day ago
Apr 18 2012 | 12:14pm ET
Following its first seed investment, Stone Toro Asset Management has created an offshore version of its flagship event-driven arbitrage strategy.
The Princeton, N.J.-based firm launched its ST Alpha Event Fund in the Cayman Islands at the end of last month, HFMWeek reports. The fund received a commitment from a European institutional investor last month to bring its total assets under management up to about $40 million.
Stone Toro launched the fund last year, focusing on short-term, high-information events with defined catalysts. The firm was founded in 2010 by former Merrill Lynch Investment Managers portfolio manager Jeffrey Russo and two other Merrill veterans, Michael Jarzyna and Richard Jenkins.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
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…