Sunday, 26 April 2015
Last updated 1 day ago
Sep 29 2008 | 2:00am ET
Oakbrook, Ill.-based Blackpool Capital Management has launched a multi-strategy fund of funds to provide investors with “extreme consistency with no market correlation.”
The Blackpool Absolute Return Fund debuted in May and has returned 3.79% through August, according to Michael Resnick, partner. Resnick said the offering is on pace to return will approximately 4.65% through September. The fund is currently invested in seven underlying managers and manages some $ 7.6 million in assets.
The fund currently has exposure to several types of lending hedge funds, some currency trading managers, statistical arbitrage and some volatility arbitrage managers.
“We are always looking for new managers who bring in consistent returns with minimal volatility,” says Resnick.
Resnick added that the new offering is a carve-out of the firm’s Blackpool Partners Fund, which began trading in January 2000 and currently manages $13 million.
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…