Tuesday, 16 September 2014
Last updated 5 hours ago
Jul 27 2012 | 10:55am ET
A North Carolina hedge fund has closed its doors after its anchor investor pulled its money.
Raleigh-based Belltower Advisors launched in 2009 with an unidentified foundation as one of its largest investors. That foundation's decision to redeem left the firm which once managed more than $170 million, without sufficient assets to stay in business.
"We had one large client that decided to relocate," co-founder Mark Corigliano told the Triangle Business Journal.
Corigliano is now teaching at the University of North Carolina at Chapel Hill, whose campus is home to the landmark bell tower that his defunct hedge fund was named after. The Belltower co-founder teaches graduate classes at the college's Kenan-Flagler Business School.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
The Federal Reserve keeps baby-stepping toward a “normalization” of monetary policy. But just what is normal?