Sunday, 26 April 2015
Last updated 2 days ago
Oct 13 2006 | 3:31pm ET
Minerva Alternative Strategies, a new CPO/CTA, has recently been formed to create multi-manager funds for Japanese institutional investors. New York-based Minerva will focus on the global macro/CTA style and strategy. The firm, a wholly-owned subsidiary of Mitsubishi Corp., is sourcing the managers, performing due diligence and constructing the portfolios, while the marketing is being done out of its Tokyo office.
Eric Golberg, portfolio manager for the new firm, said that Mitsubishi currently has one fund in place and has provided a significant amount of proprietary capital to invest in managers on a test basis prior to placing managers in the fund. He said that Minerva was formed to enhance the management of this fund and anticipates creating additional multi-manager funds for Japanese institutional investors.
"There has been a demand for this over the years, and that demand is increasing," said Golberg, who joined the firm last December from JPMorgan.
He explained that he looks for managers with solid performance, and is flexible concerning AUM and length of track record. The majority of managers that Minerva follows are based in the U.S., U.K., and Europe.
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…