Friday, 27 March 2015
Last updated 1 hour ago
Nov 11 2005 | 7:56pm ET
New York-based equity research firm WIDAT Group is launching a hedge fund on Jan. 1 that will invest in the publicly traded securities of wireless companies. Chris Mantle, founder of WIDAT, will manage the fund, which has a target of $10 million and a minimum investment of $250,000. The lockup will most likely be one or two years.
Mantle told FINalternatives that the new fund is a natural extension of WIDAT, which was founded in July of 2003 to focus exclusively on researching wireless data trends, including next generation technologies such as 3G and WiMAX. Mantle, who has 17 years of experience working on Wall Street in the wireless communications sector, founded the firm after seeing a convergence between wireless technologies. "We felt that a consumer would be able to access the internet from anywhere in the globe," he said.
Prior to founding the WIDAT Group, Mantle worked for investment bank Friedman Billings, and before that he spent six years with Gabelli and Company.
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…