Tuesday, 31 March 2015
Last updated 21 min ago
Feb 25 2013 | 2:14pm ET
A former GLG Partners executive is set to make waves with his new hedge fund firm.
Raffaele Costa's Tyndaris is set to begin fundraising for its first hedge fund, one of as many as three it hopes to launch this year. The first, a commercial real-estate fund, is headed by Heath Forusz, formerly head of European commercial real estate at Deutsche Bank, as well as veterans of JPMorgan Chase and Citigroup.
Costa founded Tyndaris in London last year after leaving Man Group, where he had risen to deputy global head of sales. And, according to the Financial Times, his new firm has many of the ostentatious hallmarks of the pre-financial crisis hedge fund debut, including offices on Savile Row decorated with contemporary art and anything by modest plans.
In addition to Forusz's real-estate offering, Tyndaris will add a Middle East infrastructure fund later this year, and is mulling a Europe-focused fund.
It all befits Costa's style: He runs a Web site dedicated to his yacht, on which he is depicted as the masked pirate "Captain Magic." He named his new firm for the scene of a naval battle off of his native Sicily during the first Punic War, more than 2,200 years ago.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
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…