Tuesday, 21 April 2015
Last updated 1 hour ago
Jul 23 2007 | 12:12pm ET
Black Pearl Capital has launched a Middle East and North Africa hedge fund, with target capital of US$250 million.
The Onyx MENA Fund, a Cayman Island-domiciled multi-strategy offering, will be managed by Black Pearl Capital, with the Client Advisory Group of Julius Baer as investment advisor and Merrill Lynch International the as prime broker.
The Onyx MENA Fund has the flexibility to invest in a wide range of instruments, including listed equities, debt securities, options, warrants, and other derivative instruments structured for the MENA markets, according to Black Pearl.
”Onyx MENA Fund will be a trendsetter,” said Eyad Mashal, executive director of Julius Baer CAG. “The Fund is one of the first absolute return/ hedge fund instruments focused on the MENA markets. We are excited to be investment advisors to Black Pearl Capital on this pioneering fund.”
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…