Tuesday, 31 March 2015
Last updated 28 min ago
Jan 8 2009 | 2:16am ET
Durham, N.C.-based Tiden Capital has launched a hedge fund to focus on investing in relative-value corporate structured-credit opportunities.
The firm unveiled its Core Fund Limited in September to invest in single-name credit default swaps and in baskets and tranches of structured-credit portfolios, according to fund documents. The fund will hedge its bets via bonds, equities, interest rate swaps, Treasuries and options, including stock and credit default swaps.
In its first three months of trading, the $49.7 million fund lost 4.8%. Corporate fixed-income relative-value hedge funds in general had a rough go last year, dropping more than 20% through November, according to industry figures.
Rex Goulding and John Burkert spun Tiden out of Silverback Asset Management in 2007. Prior to Silverback, Burkert was at JPMorgan Chase while Goulding was with Boston-based Eaton Vance Management and Franklin Templeton Investments. The firm managed $259.7 million as of the end of November.
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…