Saturday, 25 April 2015
Last updated 18 hours ago
Dec 14 2007 | 10:50am ET
Moscow-based hedge fund Red Star Asset Management enjoyed strong returns in November, and has told investors to expect the good news to continue in the new year.
The US$50 million firm, which invests on its home turf, said in a note to investors that its flagship Double Alpha returned 3% last month, Reuters reports. The fund is up 15% year-to-date, unimpressive compared to other Russia-focused hedge funds. But Red Star told investors it sees “significant long/short opportunities” next year.
“We anticipate solid fund performance well into the year ahead,” the note says, adding that the firm is “selectively optimistic on the long side through year-end and well into the first quarter of 2008.”
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…