Monday, 30 March 2015
Last updated 2 days ago
Feb 26 2013 | 2:29pm ET
Gávea Investimentos is shutting its month-old asset-backed receivables hedge fund after losing its manager to its parent company.
Jose de Menezes Berenguer Neto has been named head of JPMorgan Chase's Brazilian unit. He had joined Gavea—founded by Brazil's former central bank chief, Arminio Fraga, and bought by JPMorgan in 2010—in March to launch the high-yield credit fund.
Gavea had raised 1 billion reais (US$507 million) for the fund, which will be returned to investors, Bloomberg News reports. The hedge fund will not launch a new asset-backed fund until it finds a replacement for Berenguer.
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…