Tuesday, 5 May 2015
Last updated 1 hour ago
Jul 16 2013 | 4:53am ET
A former portfolio manager at Weintraub Capital Management has set up his own shop and plans to launch a healthcare focused hedge fund on Oct. 1.
John Rende, who managed Weintraub’s portfolio for 13 years, founded Copernicus Capital Management earlier this year. According to Hedgetracker, the new firm—which is based in San Francisco—hopes to launch with $50 million.
Rende spent 16 years at Weintraub Capital. Before that, he served as vice president in Wells Fargo’s asset management group.
Last year Weintraub Capital—which at one time managed over $2 billion—wound down its operations and returned outside money to investors in order to become a family office to manage founder Jerry Weintraub's millions. During its 20 years in existence, Weintraub Capital posted only two losing years.
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…