Monday, 4 May 2015
Last updated 10 min ago
Nov 9 2012 | 10:40am ET
Hedge fund Fund Management Group will ring in the new year with a new emerging-markets long-only fund.
FMG, which has been investing in emerging markets for more than two decades, said the New Frontiers Fund will invest in stocks and bonds in Africa, Asia, Latin America and the Middle East. It will employ a top-down analytical approach and use asset rotation and market-timing, HedgeCo.net reports.
"Frontier markets represent 40% of the world's population but only 15% of the world's GDP, only 3.6% of the world's stock-market capitalization and only a miniscule 0.5% of the MSCI World Index," FMG explained.
The new fund is set to debut on Jan. 1.
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…