Wednesday, 27 May 2015
Last updated 8 hours ago
Dec 5 2013 | 1:23pm ET
A pair of San Francisco-based hedge funds returned 2.4% last month, solidifying their double-digit returns as 2013 draws to a close.
Marcato Capital Management is now up 23.6% on the year after last month's gains, while Passport Capital is up 18.3%, Reuters reports. Marcato has $2.5 billion in assets under management and Passport $3.1 billion.
Both funds are easily lapping the field this year, with the average hedge fund up about 6%, according to industry indices.
Passport has investments in Asian internet companies to thank for its strong 2013, as well as short bets against gold, copper and mining stocks.
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…