Sunday, 24 May 2015
Last updated 1 day ago
Feb 4 2008 | 9:04am ET
RBC Capital Markets has just launched a new platform that will invest in emerging hedge fund managers.
According to the firm, the RBC Emerging Manager Allocator platform is a proprietary pool of capital that will be invested in a diversified group of early-stage hedge funds, which many reports suggest outperform their more seasoned hedge fund peers.
"These managers have abundant talent and a strong desire to succeed and grow, but they face an enormous challenge, balancing running a business while focusing on fund performance," said Jeremy Frommer, head of Global Prime Services for RBC Capital Markets.
"By investing in their funds at an early stage and providing access to RBC's full suite of products and services, the platform aligns the firm's resources with the underlying manager's business and creates a greater opportunity for success."
In addition to being relatively new vehicles, the hedge funds that RBC will look at closely will typically manage between $5 million and $200 million in assets.
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…