Sunday, 24 May 2015
Last updated 2 days ago
Jan 18 2008 | 1:00am ET
The New Year is looking bright for Navica Capital Management. The Amsterdam-based firm's Currency Alpha Strategy was recently added to the Deutsche Bank Global FX-Select Currency Managers platform, which currently makes more than 70 currency managers available for institutional investors.
Through Deutsche Bank, the firm is planning to issue certificates of up to €50 million (US$73.9 million) in capacity in March or April.
"What this means is that we can offer this strategy in different formats for institutional investors," said Marc Buten, managing director. "In the last six months, there has been fast-growing demand for further diversification among investors in the currency market who are looking at currencies as a separate asset class where they can get returns."
The €10 million (US$14.8) Currency Alpha fund, which trades global currencies, began trading eight years ago, and ended last year up 36.43% net of fees.
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…