Sunday, 26 April 2015
Last updated 1 day ago
Oct 30 2013 | 2:02pm ET
Poor performance by commodities hedge funds is not good news for funds of hedge funds focused on the space—one of which has joined the prominent names closing their doors this year.
Oakley Capital Management pulled the plug on its fund of commodities hedge funds in July, Bloomberg News reports. Portfolio Fabio Cortes left the London-based firm at about the same time.
The commodities fund was a very small part of Oakley's business, managing just US$10 million of Oakley's more than US$1 billion in assets.
Oakley's decision to shutter the commodities fund follows the closing of BlueGold Capital Management last year, and the closings of Clive Capital and Arbalet Capital last month.
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…