Tuesday, 5 May 2015
Last updated 7 hours ago
Jan 15 2008 | 11:39am ET
London-based Lansdowne Partners has taken a small stake in fellow hedge fund Och-Ziff Capital Management.
Lansdowne disclosed a “passive” 2% stake in New York-based Och-Ziff in a statement. Lansdowne favors both financial sector and value-oriented investments, and Och-Ziff, one of the world’s largest hedge fund managers with more than $33 billion in assets under management, fits the bill. And since its initial public offering in November, the firm’s shares have fallen 24%.
Lansdowne is no stranger to minority owners itself: The firm sold a 19% stake to Morgan Stanley in November 2006.
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…