Tuesday, 5 May 2015
Last updated 8 hours ago
Feb 7 2008 | 3:19am ET
British hedge fund SRM Global, headed by a former star trader for UBS, has declined by almost half in the past three months, investors say.
The once US$3 billion fund ended last year down 28%, with most of the losses coming in November and December, the Financial Times reports. Last month, it fell a further 23%, after having been down by 30% at one point.
The fund, managed by Jon Wood, boasts a “high conviction” portfolio, with a small number of very large positions. It also boasts long lockup provisions, meaning that it is in no danger of facing redemptions from angry investors for more than a year.
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…