Monday, 27 April 2015
Last updated 36 min ago
Feb 11 2008 | 9:59am ET
Moore Capital Management is spinning off its fixed-income hedge fund, which plans to grow as large as US$3 billion after a new fundraising effort.
James Caird Asset Management is set to launch in the second quarter.
The new London-based firm will take Moore Capital’s Credit fund and 30 employees, led by fund manager Tim Leslie, with it. London-based Moore will have a stake in the new company, with which it hopes to have a “symbiotic relationship,” it said.
At launch, the firm expects to manage US$2.5 billion, the Financial Times reports, though that figure could reach US$3 billion.
Moore told the FT that the decision to spin off the credit fund was the result of its size, making it sensible to have a dedicated risk management and operation system for it.
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…