Wednesday, 1 October 2014
Last updated 11 hours ago
Apr 22 2014 | 12:22pm ET
California-based Palo Alto Investors has raised $133 million for a new offshore hedge fund.
Caymans-based Lagunita Ltd launched on April 1, 2014, according to regulatory filings. The target for the new fund is $750 million and the minimum investment is $100,000.
PAI was founded by William L. Edwards in 1989 as WL Edwards & Co. He was succeeded as president of PAI by Anthony J. Yun in 2008, but remains as chairman and CIO of the firm, which offers diversified micro cap and small cap funds, as well as healthcare, energy and technology sector funds. PAI employs 22 professionals and manages more than $1.5 billion in assets.
PIA focuses on “overlooked, misunderstood and undervalued segments of the equity markets that have significant potential for positive returns.”
FINalternatives contacted PIA for comment on the new fund but was told they were “not interested” in speaking about it.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...