Tuesday, 28 April 2015
Last updated 2 hours ago
May 8 2012 | 10:53am ET
Edward Lampert isn't waiting to try to head off a slew of redemptions from the hedge fund that holds his majority stake in Sears Roebuck & Co.
The ESL Investments fund's five-year lockup will expire this summer. But over the last several weeks, Lampert has begun to reach out to clients, urging them to stay in the fund, the New York Post reports.
Certainly, the fund's performance this year is a powerful incentive for sticking with Lampert: He bought out the Ziff family's stake in the fund in January for $130 million. Since then, he's nearly doubled his money.
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…