Monday, 30 March 2015
Last updated 31 min ago
May 24 2012 | 11:03am ET
With almost $500 million in new money pouring in to HBK Capital Management in the first quarter, the hedge fund has shut off the spigot.
The Dallas-based hedge fund has closed its flagship fund to new investors. The close went into effect at the beginning of April, after $475 million in inflows pushed the multi-strategy fund's assets under management to $6.4 billion, HFMWeek reports.
"We appreciate the confidence placed in us by our continuing and new investors," the firm wrote to investors. "As mentioned in previous communications, we continuously evaluate our assets under management relative to our perception of market opportunities, and we began limiting subscriptions in the fourth quarter of 2011."
HBK took in some $1.25 billion in fresh cash last year. The fund returned 7.6% in 2011 and 2.79% in the first quarter of this year.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
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…