Tuesday, 21 October 2014
Last updated 25 min ago
Jun 2 2006 | 8:39pm ET
• Charlotte, N.C.-based Cambium Capital is reportedly winding down its hedge fund and shuttering its doors. The firm, which was founded in 2002, lost a major investor and couldn't gain assets fast enough to cover expenses, Robert Deaton, chief investment officer, told a local newspaper. The firm had $130 million in assets earlier this year and is in the process of returning money to investors.
• Texas-based EnCap Investments has closed its fifth private equity fund with $1.5 billion. The firm invests in oil and gas companies and has established eleven investment funds with aggregate capital commitments of approximately $2.5 billion. The firm currently manages capital on behalf of 50 U.S. and European institutional investors.
• Durham, N.C.-based InterSouth Partners has closed InterSouth VII with $275 million in capital commitments. The firm invests in seed and early-stage companies in the life sciences and information technology sectors, primarily in the Southeast. Intersouth typically invests between $500,000 and $8 million in a first round and up to a total of $20 million in each of its portfolio companies. The new fund brings Intersouth's total capital under management to $775 million.
• Spur Capital Partners, which is based in Bartlesville, Okla., has raised $275 million at the close of its second fund-of-funds, which will invest in early-stage technology-focused venture capital firms. The firm typically makes investments of $5-10 million in an individual venture partnership.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...