Sunday, 3 May 2015
Last updated 1 day ago
Apr 23 2014 | 9:25am ET
The world’s biggest money manager doesn’t think much of the hedge funds he blames for selling down technology stocks.
BlackRock CEO Laurence Fink said the sell-off was driven by “fast-money hedge funds” with oversized positions and did not reflect the true value of the battered shares. Indeed, he said, it offered an opportunity to buy-and-hold investors to increase their stakes.
“Long-term investors have not been spooked by this volatility, but shown a remarkable resilience in attitude,” he told the Financial Times. “Much of the volatility was fast-money hedge funds repositioning their trades.”
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…