Friday, 22 May 2015
Last updated 45 min ago
Oct 3 2012 | 1:00pm ET
As hedge funds race into the reinsurance industry, one firm is offering a helping hand.
Taussig Capital plans to create a platform to help hedge funds launch reinsurance arms. Such vehicles offer hedge funds an ever-growing base of permanent capital, CEO Joe Taussig told Opalesque.
Hedge funds are especially adept at running reinsurers due to their risk-management expertise. But the barriers to entry are high, beginning with the fact that "you can't have a small reinsurer," Taussig said.
The Multi-Strat Re platform will seek to help hedge funds clear those hurdles.
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…