Thursday, 26 March 2015
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Apr 28 2008 | 11:41am ET
A decade after his Long-Term Capital Management imploded, John Meriwether has once again become the bearer of bad news.
Meriwether’s JWM Partners has seen both of its hedge funds bleed red ink this year, leading the firm to offer investors an early exit. Hedge Fund Manager Week reports that JWM has given clients of its $380 million Global Macro Fund permission to withdraw their money ahead of the redemption period after the fund dropped 14% in the first quarter.
The Greenwich, Conn.-based firm did not say how many investors took up its offer.
The losses at the Global Macro fund, however, pale in comparison to JWM’s flagship product: The Relative Value Opportunity Fund, which managed $1.2 billion at the beginning of the year, was down 31% in the first quarter.
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…