Tuesday, 31 March 2015
Last updated 46 min ago
Mar 17 2008 | 1:04am ET
Woman-run hedge fund firm Hagin Investment Management has added Nathan Lee to its portfolio and risk management team.
The new addition makes the New York-based quantitative hedge fund one of only a handful in the industry that has a portfolio management team solely comprised of a woman and a minority.
Reuters recently estimated that of the 9,000 hedge fund firms worldwide, only about 100 are run or owned by women and minorities. Since 2003, these managers have outperformed their peers by 3.5% annually, net of fees, according to the HFRX Diversity Index.
"We find that having a diverse management team offers a more nuanced interpretation of the market," said Patrick Morris, partner, "and are happy to welcome Nathan to the team."
Lee previously held positions at Tremblant Capital and HSBC. The two firms are partners in Hagin Investment Management.
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…