Monday, 30 March 2015
Last updated 11 min ago
Jul 2 2014 | 8:56am ET
Jana Partners enjoyed modest gains in the first half, well ahead of the average hedge fund but slightly lagging the broader markets.
The New York-based activist hedge fund returned 5.3% in the first six months of the year, capped by a 1.6% rise in June, reported The Wall Street Journal. By contrast, the average hedge fund returned under 2% through May, and the Standard & Poor’s 500 Index 6.8% in the first half.
The $10 billion firm did not break down its performance by position in its monthly investor update. But its new investments are doing well: Walgreen Co. has returned 28% this year and AerCap Holdings 21%.
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…