Jun 14 2013 | 11:31am ET
Algebris Investments is set to launch a long-only financials fund with more than US$100 million in commitments.
The London-based hedge fund will roll out the fund in August with a formal launch in September. The vehicle—which will charge only 0.9% in annual fees—will invest in high-dividend stocks and high-yielding bonds, with the aim of distributing about 7% per year to investors in quarterly payouts.
Feb 3 2014 | 9:27am ET
In recognition of his extraordinary dedication to philanthropy, Marathon Asset Management’s Bruce Richards will be presented with the Award for Caring during the 16th Annual New York Open Your Heart to the Children Benefit, which takes place on Thursday, March 6. The gala, the largest gathering that Hedge Funds Care/Help For Children holds worldwide, will bring together 1,000 hedge fund executives to raise funds to help prevent and treat child abuse in New York, New Jersey and Connecticut. Read more…