Wednesday, 1 April 2015
Last updated 3 hours ago
Oct 5 2006 | 12:03pm ET
Embattled hedge fund Amaranth Advisors has retained Fortress Investment Group as a sub-advisor to the Amaranth multi-strategy funds. According to the firm, which lost an estimated $6 billion in bad natural gas trades, Fortress will assist the Amaranth team in selling off the funds’ investment assets in order to generate liquidity for investors.
Amaranth announced last Friday that its multi-strategy funds had suspended redemptions to allow for the sale of the firm’s investment assets.
Nick Maounis, Amaranth's chief executive officer, said in a statement that Amaranth will pay the fees associated with retaining the New York-based Fortress.
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…