Tuesday, 5 May 2015
Last updated 5 hours ago
May 30 2008 | 2:00am ET
Dubai-based private equity firm Abraaj Capital is branching into hedge funds, hiring Ahmed Nashaat from Legg Mason’s hedge fund unit.
Nashaat has served as regional director for the Middle East at the Permal Group. He will join Abraaj next month with a mandate to build a team of about a dozen traders of Middle Eastern and South Asian securities.
Abraaj has already raised about US$300 million for non-private equity investments. Its third Special Opportunities Fund, set to open next month, may increase that non-p.e. component by another US$700 million.
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…