Saturday, 25 April 2015
Last updated 11 hours ago
Sep 13 2013 | 12:32pm ET
A former analyst at fund of hedge funds Fundana is set to launch a "black swan" vehicle.
Bruno Guillemin's Leprin Tail Risk Green Fund will employ commodity-trading adviser-style models in an effort to detect impending market crashes. The fund will only invest when it receives such a signal; at other times, it will remain entirely in cash, Opalesque reports.
Investors with Leprin will not only get the chance to profit from a market swoon: They'll get a warning from the firm when a signal is generated, allowing them to get out of vulnerable investments.
Guillemin's fund will also have a socially-responsible element, handing between 30% and 50% of its performance fees to a foundation that will provide start-up capital to entrepreneurs in the euro-zone.
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…