Saturday, 18 April 2015
Last updated 12 hours ago
Feb 20 2013 | 12:31pm ET
Hedge fund pioneer Martin Zweig has died at the age of 70.
Zweig is perhaps best-known for predicting the 1987 stock-market crash and for the newsletter he published for 26 years, the Zweig Forecast. But he also set up, alongside Joseph DiMenna, one of the earliest long/short hedge funds, Zweig-DiMenna Partners, in 1984.
In addition to its hedge fund, Zweig-DiMenna managed a pair of closed-end funds.
"He was a wonderful, kind and generous person, and I will always be grateful for the opportunity to have been his friend and partner," DiMenna said.
Zweig, a Cleveland native, studied at the Wharton School of the University of Pennsylvania, the University of Miami and Michigan State University. He is survived by his wife, Barbara, and two sons. No cause of death was given.
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…