Friday, 27 March 2015
Last updated 2 hours ago
Jan 3 2014 | 1:21pm ET
Moore Capital Management is taking advantage of SAC Capital Advisors' cutbacks as the latter transforms itself into a family office.
The New York-based hedge fund, which manages $12.1 billion, has offered jobs to several of SAC's London-based portfolio managers, CNBC reports. Moore expects some to join early this year.
Moore focused on SAC managers working on equity and macro strategies.
SAC closed its London office last year as it battled insider-trading charges. The firm later pleaded guilty to fraud and agreed to stop managing outside capital.
Moore had been in talks with about a dozen SAC employees in London, battling for their services with the likes of Balyasny Asset Management, BlueCrest Capital Management and Millennium Management.
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…