Monday, 30 March 2015
Last updated 2 days ago
May 13 2013 | 1:35pm ET
Peak6 Advisors has garnered $1 billion for its second hedge fund.
The Chicago-based firm, the asset-management arm of Peak6 Investments, launched the Achievement Fund in September. The new fund is managed by Joe Scoby, who became head of Peak6 Advisors last January, and will employ a systematic options strategy similar to the one he led at O'Connor & Associates for a decade, before leaving that firm in 2010, Crain's Chicago Business reports.
At Peak6, which was founded by a pair of O'Connor veterans, Scoby said he aims to boost assets under management to about $3 billion by 2015. The firm's existing hedge fund, the Performance Fund, currently manages $425 million.
About three-quarters of investors in the new Performance Fund are institutional, primarily from the U.S.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
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…