Saturday, 23 May 2015
Last updated 14 hours ago
Apr 22 2013 | 11:14am ET
Solaise Capital, a three-year-old hedge fund launched by veterans of some of the most prominent quantitative firms, has nearly doubled its assets under management over the past few months.
London-based Solaise now manages US$165 million, up from US$86 million at the end of November, Reuters reports. A pension fund's investment is responsible for much of the gain, although Solaise said it has enjoyed other inflows this year.
The commodity trading adviser was founded in 2010 by former employees of Aspect Capital, the Man Group's flagship AHL strategy and Winton Capital Management.
Solaise's fundraising success comes in spite of the fact that it lost money both in 2011 and last year, dropping 1.1% in the latter.
"We launched at probably the worst time you could launch a CTA in 20 years," James Walker, the former CFO at Aspect and now chief operating officer at Solaise, told Reuters. "Everyone understands it's been a truly dreadful run for CTAs, and they appreciate we've done pretty well. Clearly, we need to deliver absolute performance."
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…