Friday, 22 May 2015
Last updated 3 hours ago
Jan 11 2013 | 1:20pm ET
Investors are fleeing Clive Capital after the commodities hedge fund suffered its second-straight losing year.
Redemptions and poor performance cut Clive's assets under management by 46% last year, Bloomberg News reports. The fund currently manages just US$1.95 billion, down from US$3.6 billion at the end of 2011.
Clive, founded in 2008, lost 8.8% last year. It fell 11% in 2011.
Most of Clive's asset drop occurred in the third quarter. It entered October with US$2.9 billion.
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…