Saturday, 23 May 2015
Last updated 1 day ago
Oct 13 2008 | 1:30pm ET
Gartmore has scrapped plans for its European Absolute Return Fund, a long/short hedge fund, because of the U.K. short-selling ban and continuing market volatility.
The fund, which was slated for on Oct. 31 launch, was supposed to use a similar strategy to Gartmore’s flagship European equity long/short hedge fund, the AlphaGen Capella Fund, and take long and short positions in equities and derivatives.
Richard Pursglove, head of U.K. retail at Gartmore, said the decision to postpone the fund was made solely in the interest of our investors," Reuters reports.
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…