Sunday, 26 April 2015
Last updated 1 day ago
Dec 29 2008 | 3:23am ET
GAM is changing its redemption policy in the wake of a brutal year for the hedge fund.
The firm, owned by Julius Baer, will now offer just quarterly redemptions for most of its fund of hedge funds, instead of monthly. GAM has lost about one-third of its assets under management this year.
GAM’s move was first reported by the Financial Times.
According to the newspaper, GAM will still allow for monthly redemptions for its most liquid vehicles, including strategies such as long-short equity, commodity futures trading and global macro.
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…