Saturday, 25 April 2015
Last updated 16 hours ago
May 17 2012 | 10:14am ET
It's open season on funds of hedge funds.
Amidst word that Gottex Fund Management would buy Hong Kong-based Penjing Asset Management and that Kohlberg Kravis Roberts is in talks to acquire a stake in Prisma Capital Management comes news that Financial Risk Management may be on the move, as well.
The London-based firm finds itself in the acquisitive sites of an unidentified publicly-traded company, Hedge Fund Alert reports. While HFA speculates that Man Group, whose fund of funds business is led by FRM veteran Luke Ellis, may be the interested party, it reports that sources familiar with the firm say it is more likely to buy a U.S.-focused business.
FRM has US$9 billion in assets under management.
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…