Tuesday, 21 April 2015
Last updated 1 hour ago
Jan 11 2013 | 1:21pm ET
Another energy hedge fund is closing its doors as its founder calls it quits.
Andrew Rowe said today that he's closing his SandRidge Capital and retiring. Most of the fund's US$320 million in assets will be returned by the end of the first quarter, Reuters reports.
Rowe said he planned to "sit back and hang out with my kids and play golf."
"Life is good," he said.
The Houston-based hedge fund returned 11% last year.
Rowe's exit comes after a difficult year for commodity hedge funds—although not his. Last year also saw the closure of several prominent energy and commodity funds, including SandRidge's fellow Texan Centaurus Capital, BlueGold Capital and Fortress Investment Group's commodity fund.
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…