Wednesday, 1 April 2015
Last updated 9 min ago
Jul 3 2008 | 2:00am ET
Globefin US Advisors’ Cannonball Stability Fund, an asset-backed fund of hedge funds, this month added a new asset-backed loan startegy to its portfolio, bringing its current lineup to 23 underlying managers.
And the niche fund is also in the later stages of due diligence on two more managers, according to David Maslaton, a research analyst at Globefin.
The $17 million offering, which launched in January, is up some 5% through May. Its portfolio is made up of mostly U.S.-based managers with some European, Latin American and Asian exposure as well. The fund’s capacity is between $150 million and $200 million.
In addition to its onshore offering, Globefin currently manages three offshore multi-strategy funds of funds with exposure to the ABL space. The firm manages some $500 million in total assets.
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…