Saturday, 25 April 2015
Last updated 19 hours ago
Mar 1 2013 | 11:46am ET
Tudor Investment Corp. may launch its first equity hedge funds in more than four years.
The Greenwich, Conn.-based firm may open two stock funds to clients next year, Bloomberg News reports. One of the funds would be a multi-manager vehicle, similar to the $830 million Tudor Discretionary Macro Fund the firm launched last year, with 15 teams of portfolio managers.
Plans are in the early stages and could fail to bear fruit, Bloomberg warned.
Tudor has not had an equity fund since the 2009 departure of James Pallotta. Pallotta ran Tudor's Raptor Global fund for 16 years before spinning it off; he closed it just six months later.
Tudor has tried, without much success, to rebuild its equities business since 2010. But the effort has been hampered by high-level departures and cutbacks in Asia.
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…