Monday, 20 April 2015
Last updated 7 hours ago
Oct 13 2008 | 1:31pm ET
Marhall Wace said last week it is offering investors in the MW TOPS fund a chance to cash out, calling its current share buyback program no longer an efficient means of creating liquidity, particularly in current market conditions.
“Since the launch of the company, MW TOPS Limited has worked actively to ensure optimum liquidity in the shares and to minimize the NAV tracking error,” said Andrew Large, chairman. “Current market conditions are extremely challenging in this respect. The board and the manager are in complete agreement that the interests of shareholders can best be served by proceeding with a cash exit exercise of this nature.”
MW TOPS was the first single manager hedge fund to list when in floated on Euronext in Amsterdam in December 2006. The TOPS master fund manages some US$7 billion in assets and the MW TOPS listed fund currently has assets of some US$1.4 billion.
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…