Tuesday, 28 April 2015
Last updated 9 hours ago
Aug 31 2012 | 12:20pm ET
Henderson Global Investors will remove the gate provisions from its hedge funds, formally ending any redemption limits.
The firm has already eliminated the gate rules on its AlphaGen Rhocas hedge fund, which it acquired when it bought Gartmore Group last year. The boards of directors of other Henderson hedge funds must meet to formally repeal their gate provisions.
Only one Henderson hedge fund, its small-cap U.K. AlphaGen Volantis, will retain gate provisions, Investment Europe reports.
The Rhocas gate was eliminated last week—possible because its investors already had side letters promising that their money would not be restrictred.
Paul Graham, global head of hedge funds at Henderson, told IE that most of its hedge funds are liquid enough to allow it to sell all holdings within three days. Henderson has never actually imposed gate restrictions on any investors.
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…