Saturday, 18 April 2015
Last updated 49 min ago
Sep 19 2008 | 9:05am ET
Newly-formed Arkanar Financial will launch a global macro hedge fund based on its two-and-one-half year old managed account later this month.
The firm, previously known as Camelot Global Investment, underwent a management buyout in March and is prepping a Cayman Islands-domiciled fund with an initial offering period beginning in September.
The fund will employ quantitative and fundamental analyses, plus a multi-time frame trend following approach to capitalize on short and intermediate term price movements in the currencies, commodities, debt and equity sectors via future contracts, spot currencies and exchange traded funds, according to a fund presentation.
Its capital protection measures include high cash holdings between 60% to 95% and a maximum single deal position of 15%.
The minimum investment requirement for the fund is US$10,000.
The firm currently manages aproximately $200 million in managed accounts and funds.
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…