Wednesday, 6 May 2015
Last updated 21 hours ago
Nov 21 2012 | 10:39am ET
Hedge fund Aspect Capital has won an £80 million mandate from a British public pension fund.
The £2.3 billion Leicestershire County Council Pension Fund picked the firm to run a managed futures portfolio. The money will be invested in Aspect's Diversified Fund, Financial News reports.
"An initial investment of £58 million was made on Nov. 14 and the remaining funding is expected to be provided over the next six to nine months," the pension's investments manager, Colin Pratt, said. "Funding for the mandate has been sourced from the fund's hedge fund portfolio, managed by Fauchier Partners, on which redemption notices were served early in 2012."
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…