Monday, 30 March 2015
Last updated 2 days ago
May 29 2008 | 2:00am ET
Avenue Capital, the $16.5 billion New York hedge fund best known as Chelsea Clinton’s very understanding employer, is taking a turn for the better in time for the former First Daughter to return to work.
The firm, headed by major Hillary Clinton supporter Marc Lasry, saw four of its hedge funds return to positive ground in April after a difficult first quarter. The funds rose between 1.3% and 1.6%, according to letters to investors obtained by Reuters, although all remain in the red year-to-date.
The $1.4 billion Avenue Internation fund rose 1.58% last month (down 2.06% year-to-date), the $960 million Avenue Europe International fund rose 1.28% (down 1.99% YTD), the $554 million Avenue Investments fund rose 1.29% (down 2.18% YTD) and the $455 million Avenue Europe Investments fund rose 1.32% (down 2.62% YTD).
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…