Sunday, 24 May 2015
Last updated 2 days ago
Jul 9 2007 | 1:37pm ET
Alternative asset management firm Absolute Capital Management Holdings has doubled its assets under management in the first six months of 2007 from $1.5 billion in January to some $3.1 billion as of the end of June.
Chairman and CEO Sean Ewing attributed the spike to organic growth and the integration of U.K.-based alternative investment advisory firm Argo Capital Management in January. "We have increased assets under management by almost 100% during the first six months of 2007 through significant organic growth and the successful integration of Argo,” he said.
The firm has launched a new division, Absolute Capital Management Property, in order to develop its long/short equity presence in the global real estate market. “Demand from institutional investors for our expanding portfolio of alternative investment products remains strong and we believe the creation of ACMPL is well-timed to take advantage of the long/short opportunities in the current global real estate market,” said Ewing.
Absolute Capital currently manages 11 funds.
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…