Saturday, 28 March 2015
Last updated 14 hours ago
Oct 13 2008 | 10:03am ET
The vultures are circling hedge fund investors, in the form of an innovative new fund of hedge funds.
Permal Investment Management Services has launched a fund of funds to buy hedge fund investments at a steep discount from other funds of funds forced to sell.
The fund, which has been buying about one investment per month from various sellers, can generally buy the investments at a 25% to 30% discount to their market value, but the ongoing market disaster is playing right into its hand.
“Now, it’s available at a much grander scale,” Omar Kodmani, senior investment officer, told Financial News. “Discounts could be anywhere between 10% and 50% in the extreme. Now, larger discounts are available than is normally the case.”
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…