Friday, 24 April 2015
Last updated 4 hours ago
Sep 25 2013 | 12:20pm ET
The Baupost Group plans to return some money to investors at the end of the year as opportunities become scarcer.
It is unclear how much of its $28 billion in assets the Boston-based hedge fund will return, Reuters reports. It is only the second time since the firm was founded 31 years ago that it is making such a distribution, joining the likes of Moore Capital Management and Tiger Global Management, both of which returned capital to investors last year.
According to Reuters, Baupost chief Seth Klarman is finding it difficult to put so much money to work in the current market environment.
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…