Sunday, 26 April 2015
Last updated 1 day ago
Feb 20 2014 | 1:02pm ET
Yen Liow, a former sector head at Ziff Brothers' hedge fund, has raised $870 million for his long/short equity hedge fund.
Liow launched on and offshore versions of the Aravt Global fund in February, according to regulatory filings.
The launch has been much anticipated since Ziff Brothers announced late last year it would wind up its hedge fund operation to seed new funds; a decision prompted by the impending 2015 retirement of the hedge fund's head, Ian McKinnon.
It is not known whether Ziff seeded Aravt.
Ziff alumni Kenneth Wong and Rameez Saleh have joined Liow at Aravt, as has Wall Street Journal vet Jim Oberman, who has taken a research position with the new fund.
Aravt Global carries a minimum investment of $25 million.
Reached by FINalternatives, an Aravt spokesman declined to comment on the new fund.
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…