Saturday, 18 April 2015
Last updated 8 hours ago
Mar 14 2013 | 1:22pm ET
Magnetar Capital has raised $370 million for a mortgage hedge fund.
The Evanston, Ill.-based hedge fund disclosed the figure in a Securities and Exchange Commission filing last year. Magnetar launched the Mortgage Securities Fund last year; the vehicle invests in mortgage-backed bonds.
Magnetar, which manages about $9 billion, is one of the larger and more prominent investors in collateralized debt obligations. The firm has never been accused of wrongdoing, but banks involved in its CDOs have been fined hundreds of millions of dollars.
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…