Monday, 30 March 2015
Last updated 2 days ago
Mar 13 2008 | 8:59am ET
Investors in collapsed Australian hedge fund Basis Capital Management received some more bad news yesterday, as the funds’ liquidator said it is considering a claim for some of what’s left of their assets.
Grant Thornton’s lawyers told New South Wales Supreme Court that it may lodge a claim for a slice of Basis’ assets. As it stands, the Basis Yield Fund has a value of just about two cents on the dollar.
Worse still, the liquidator’s move could delay any distribution of the meager remaining assets.
The parties are due back in court next month to thrash out the issue.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
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…