Sunday, 29 March 2015
Last updated 1 day ago
Aug 11 2008 | 12:06pm ET
A London hedge fund has formally alerted the U.K.’s financial regulator that it was the victim of collapse rumors on Friday.
Sabre Fund Management said the “spoof” rumors suggested that rogue trading had the firm facing big losses. In addition to alerting the Financial Services Authority, Sabre has begun its own investigation of the rumors, which included details that pointed to Sabre.
“Our investors already know that we’re perfectly alright; a lot of our business is via segregated managed funds so they can see their assets very clearly,” managing principal Melissa Hill told Thomson Investment Management News. Hill said the firm’s Sabre Style Arbitrage Fund has met its performance expectations this year.
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…