Sunday, 24 May 2015
Last updated 2 days ago
Oct 17 2008 | 12:02pm ET
For the Barakett brothers, bad news is all in the family.
New York-based Tremblant Capital Group, run by Bret Barakett, brother of Atticus Capital’s Tim Barakett, took a big hit over last with, with three of its funds dropping by double-digits during one of the worst months in the history of the hedge fund industry. The firm’s flagship dropped 19% last month and is down 27.9% on the year, the New York Post reports; its smaller Tremblant Concentrated fund had it even worse, losing 22.3% in September and 40.1% on the year.
Another Tremblant fund, Tremblant-Trident, fell 10% last month and is down 22.3% year-to-date. All told, the losses total about $2.4 billion.
According to the Post, the funds were burned by their equities bet.
Brother Tim’s Atticus recently had to swat down rumors that it was liquidating its two main funds following big losses.
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…