Sunday, 3 May 2015
Last updated 2 days ago
Jul 28 2006 | 4:17pm ET
Hedge Fund firm Magnetar Capital has hired Michael Gross as a senior partner and co-chairman of the firm's investment committee. Gross, founder and former partner of private equity firm Apollo Management, will also serve as chief investment officer for the $3 billion firm's credit and private investment businesses. He will be based in New York. In addition to hiring Gross, earlier this week Magnetar added former Cooper Neff Group CEO Andrew Sterge to head up its reinsurance business, continuing hedge funds' march into that industry.
The $3 billion Evanston, Illinois-based Magnetar founded a reinsurer in Bermuda, Pulsar Re, earlier this year. Sterge, who will work out of Magnetar's Philadelphia-area office, is also the founder of AJ Sterge Investment Strategies, and he'll be joined at Magnetar by a team from that firm.
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…