Monday, 4 May 2015
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Jan 10 2013 | 2:01pm ET
Last year saw a raft of high-profile hedge funds close their doors. Now, 2013 has its first well-known casualty.
Hong Kong-based Triskele Capital Management will close its two hedge funds, it told investors, Bloomberg News reports. The firm blamed both poor performance and investor redemptions; its assets under management have fallen to US$132 million from a peak of US$600 million.
It's not clear whether Triskele, which was founded in 2006, will survive in any form. Tsuyoshi Shiba, the firm's co-founder and chief investment officer, said no decision has been made about the future of the management company.
Shiba said that its China Fund has performed poorly for two years, including a 9% drop last year. The firm's US$12 million CB Fund, a convertible securities vehicle, did much better, but is being closed due to its small size.
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…