Saturday, 25 April 2015
Last updated 18 hours ago
Jul 10 2007 | 9:59am ET
A new survey shows that that new hedge fund launches in the U.S. this year are up sharply over the same period in 2006.
In the first six months of 2007, 72 new funds began trading with a total of $14 billion, according to the Absolute Return survey, eclipsing the first half of last year, when 51 new funds were launched with $11.7 billion. This year, three mega-funds—Carlyle Bluewave, CVI Global Value Fund and GMN Master Fund—were launched with more than $1 billion; last year, when only one fund managed to surpass the billion-dollar mark before July 1.
The survey also noted that domestic long/short equity funds dominated the first half’s offerings with 28 launches that raised $4.7 billion, up from 19 launches and $2.9 billion during the same period last year. Other new niche strategies this year include five healthcare funds with a combined total of $860 million and a natural resources fund with $61 million. Also included is a pair of asset managers in Brazil that raised nearly $100 million in total.
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…