Thursday, 2 April 2015
Last updated 51 min ago
Jan 3 2013 | 12:27pm ET
A hedge fund planned by veterans of Citadel Investment Group, Goldman Sachs and Boyer Allan Investment Management has won the blessing of Hong Kong regulators.
Tor Investment Management received an asset-management license from the Hong Kong Securities and Futures Commission on Dec. 12. The new firm plans to launch a credit hedge fund this year, hoping to profit from opportunities created by the European debt crisis.
Tor is led by former Citadel Securities chief Patrick Edsparr, former Goldman special situations chief Christopher Mikosh and former Boyer Allan CEO James Sweeney. The three are identified as Tor's responsible officers on the SFC's Web site.
Edsparr, Mikosh and Sweeney set up Tor in the summer. It is unclear how much they hope to raise for the new vehicle.
Edsparr left Citadel in 2010 after less than a year at the helm of its then-struggling and since-shuttered investment-banking division. He reportedly had disagreements with Citadel founder Kenneth Griffin. Sweeney became available after Boyer Allan, once one of Asia's largest hedge funds, closed last year.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
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…