Sunday, 24 May 2015
Last updated 2 days ago
Feb 5 2008 | 2:11pm ET
A pair of Canadian firms have launched a hedge fund incubator fund, calling it the “first of its kind” in the country.
Arrow Hedge Partners and Marret Asset Management unveiled the Accelerator Capital Fund today. The new offering will invest in early-stage hedge funds across a variety of strategies, including long/short equity, relative value, event-driven and global macro.
The fund, managed by newly-minted Accelerator Capital Management President Peter Rizakos, has already raised about $150 million from institutional investors. It plans to invest in up to 10 managers.
“Both Arrow and Marret have extensive experience in identifying top hedge fund managers and in seeding and managing early-stage hedge funds,” Marret CEO Barry Allan said. “We realize that the initial capital is often the most difficult to obtain. Accelerator will provide this and more, including operational and risk management support and capital-raising assistance.”
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…