Monday, 27 April 2015
Last updated 1 hour ago
Jan 10 2013 | 1:25am ET
Palisade Capital Management has acquired another hedge fund and put its founder at the helm of a new offering.
Fort Lee, N.J.-based Palisade said it had acquired substantially all of the assets of Hermes Advisors. Foremost among those assets is founder Paul Flather, who was named manager of the new Palisade Long/Short Alpha Fund.
"We have been looking for ways to broaden our alternatives platform beyond our convertible arbitrage hedge fund and private equity funds while leveraging our stock-picking experience," Jeffrey Serkes, Palisade president, said. "Paul Flather is a seasoned investment professional with more than 18 years of experience managing a long/short equity strategy. His investment methodology compliments the fundamental stock picking process at Palisade.
Palisade has $3.6 billion in assets under management.
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…