Sunday, 19 April 2015
Last updated 9 hours ago
Sep 14 2006 | 12:00am ET
Deutsche Asset Management is rolling out a pair of absolute return global macro strategies which aim to provide investors with up to 20% alpha.
The two strategies, in U.S. and offshore versions, are based on DeAM’s 6-year-old integrated global alpha platform.
“The new iGAP strategies offer our institutional clients capital-efficient access to high levels of potential alpha from multiple sources through a single strategy with a high level of liquidity and transparency,” explains Janet Campagna, who heads DeAM’s global strategy group. According to the firm, the iGAP strategy has generated excess return in each of the last six years.
DeAM says that the new funds—the U.S. strategy seeks to add 20% alpha, the offshore 15%—have already attracted $130 million from a major corporate pension plan
(to the U.S. strategy) and $50 million from a non-U.S. public pension (to the offshore strategy).
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…