Saturday, 25 April 2015
Last updated 1 day ago
Sep 26 2013 | 10:51am ET
Brevan Howard Asset Management and BlueCrest Capital Management are among the hedge funds facing questions from British regulators about their exposure to interest-rate derivatives.
The Financial Conduct Authority last month sent a letter to a number of hedge funds in the wake of June's wild interest-rate moves, which rumors have attributed to a hedge fund sell-off. The hedge funds contacted are all major players in the interest-rate markets, the Financial Times reports.
The letters sought information about hedge funds' preparation for a sudden increase in rates. Some have expressed concern that the FCA is effectively asking hedge funds to disclose their positions.
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…