Monday, 27 April 2015
Last updated 4 hours ago
Jun 21 2012 | 11:30am ET
Mariner Investment Group is getting into the seeding business.
The Harrison, N.Y.-based firm will invest in startups and spinoffs, as well as its own new hedge funds or hedge funds it backs, the firm told investors. According to Bloomberg News, the seeding fund has itself won a substantial seed investment—$500 million—from the Alaska Permanent Fund.
Mariner founder William Michaelcheck told clients that the firm would hire to manage the seeding fund.
Michaelcheck added that the seeding fund isn't the only new product he's planning: The firm's Galton Capital Management is readying a mortgage fund, Galton Mortgage Value Fund III, which will invest in non-agency mortgages, whole loans, single-name credit-default swaps and indices.
Michaelcheck also gave investors a peek at the firm's flagship, Mariner Partners, which he said was up 2.4% this year.
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…