Friday, 22 May 2015
Last updated 2 hours ago
Nov 8 2012 | 1:39pm ET
There may be a new hedge-fund prom king in Asia.
Investors, notably U.S. pension funds, increasingly favor global macro strategies run from the region, rather than the equity long/short funds they’ve long favored in the Pacific Rim. Interest in the strategy has been growing for four straight years, according to Kier Boley of GAM's multi-manager business.
"The reason people like them has been that one of the legs of their trade will be in the region," Boley told Asian Investor.
Boley, who specializes in equity hedge investments, added, "what is frustrating for equity-hedge managers is that investors are buying fixed-income, such as structured credit, but that demand hasn't rolled into equities as it traditionally would do."
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…