Tuesday, 31 March 2015
Last updated 15 hours ago
Aug 23 2012 | 11:00am ET
Perry Capital's former Asia chief has closed his hedge fund after raising nearly US$1 billion.
Alp Ercil's Asia Research & Management hard-closed with US$940 million. The private-equity-style hedge fund, which debuted late last year, raised US$440 million through April 30, and has garnered a further half-billion dollars since then.
More impressive still, the money has come from just 15 to 20 investors, Reuters reports. About 10% of the money has come from ARM's partners. The fund has a three-year lockup which can be extended, and its performance fees are collected only when returns are realized.
Ercil set up ARM in Hong Kong with 14 other Perry veterans after the New York-based hedge fund closed its Asian office. He spent a decade at Perry.
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…