Monday, 25 May 2015
Last updated 2 days ago
Apr 27 2012 | 4:35am ET
AllianceBernstein has launched a U.S. equity hedge fund helmed by a former Caxton Associates money manager.
The Select Absolute Alpha Portfolio is based on the strategy Kurt Feuerman ran for more than a decade at Caxton. He joined Alliance Bernstein a year ago as portfolio manager for U.S. equities.
"Last year was a turbulent one for US equities that created stiff headwinds for active managers, but given the current attractive valuations, we think stocks have the potential to continue to rise," Feuerman told Investment Europe. "Even if we see some slowing economic growth, it does not necessarily mean bad times ahead for stocks."
The new fund is domiciled in Luxembourg. It will have between 60 and 120 names in its portfolio.
Select Absolute's debut follows that in January of Feuerman's Select U.S. Equity Portfolio.
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…