Monday, 27 April 2015
Last updated 21 min ago
May 18 2012 | 4:13am ET
Two QVT Financial founders are preparing the delayed launch of their hedge fund, some two years in the works.
Kevin McGoey and Yi Cen founded Lees Hill Capital Management in 2010, after leaving QVT. The New York-based firm is set to finally launch its maiden hedge fund—delayed by market uncertainty—in the third quarter, with more than $100 million in initial assets.
Lees Hill will run an event-driven fund focused on both stocks and bonds, HFMWeek reports.
The firm is still finalizing several allocations. HFM reports that several Lees Hill clients are waiting for calmer market waters to commit to the new hedge fund.
Both McGoey and Yi worked at Deutsche Bank's QVT desk prior to the hedge fund's spinoff in 2004.
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…