Wednesday, 1 April 2015
Last updated 5 hours ago
May 5 2008 | 2:00am ET
A new London hedge fund firm is preparing its first offering in an effort to capitalize on current market volatility.
AlphaTran Capital said it will launch a long/short equity fund with US$50 million in seed capital from Thames River Capital. The fund, targeting 20% annual returns, will focus on large-cap stocks, with the ability to move between 40% net short and 40% net long, Reuters reports.
“Current market volatility has created a lot of investment opportunities for funds such as AlphaTran and is an ideal environment for stockpickers,” firm co-founder Damien Tran, formerly a partner at activist hedge fund shop The Children’s Investment Fund, said.
Tran’s partners are Christophe Beauvilain, formerly of Phylon, and Christophe Puyo, a veteran of Société Générale Asset Management.
The new fund will reportedly boast a US$3 billion capacity.
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…