Friday, 27 March 2015
Last updated 31 min ago
Dec 10 2013 | 3:01pm ET
One of the world's most volatile hedge funds is living up to its reputation this year.
Astenbeck Capital Management lost 4% last month as founder Andrew Hall admitted that he was caught off-guard by the growing spread between crude oil traded in the U.S. and in London. "The recent blow out in Brent/WTI spread… caught many—including ourselves—by surprise," Hall wrote to investors on Dec. 2.
With November's loss, Westport, Conn.-based Astenbeck is down 8% for the year, Reuters reports. It has been in the red in each of the last three months, after having pulled itself back into positive territory in August.
If it's not able to do so again, the firm will suffer its second-ever down year, following a 3.8% loss in 2011. Of course, Astenbeck has cut it close before: It was down 10% through August of last year, but managed to end 2012 up 3.4%.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
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…