Tuesday, 28 April 2015
Last updated 16 hours ago
May 10 2013 | 2:15pm ET
The arrest of two co-founders, including its chief investment officer, has proven too much for hedge fund Lodestone Natural Resources to weather.
The US$100 million London-based firm is liquidating its hedge fund, Bloomberg News reports. CIO Tim Whyte and Carl Linderum were arrested in February, alongside GLG portfolio manager Carl Esprey, on suspicion of insider-trading. Search warrants were also executed on their homes and offices. No charges have been filed.
Whyte, Linderum and Ben Belldegrun founded Lodestone last year. The three formerly worked together at Brevan Howard Asset Management.
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…