Monday, 30 March 2015
Last updated 2 days ago
Nov 29 2007 | 8:09am ET
Fortress Investment Group is poised to launch a commodities hedge fund led by new hire William Callanan.
The New York-based alternative investments giant said its fourth hedge fund, dubbed the Drawbridge Commodities Fund, will target returns of between 15% and 20%. The fund will invest in energy, metals, agriculture, shipping and carbon emissions futures, as well as commodity- and industrial-related equities, Bloomberg News reports.
Callanan joined Fortress in August from Rubicon Fund Management, where he ran an equity and commodity fund. He has also worked at Duquense Capital Management and Soros Fund Management. He will lead a team of four analysts at Fortress.
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…