Sunday, 29 March 2015
Last updated 2 days ago
Jan 22 2009 | 12:35am ET
Apollo Management is planning a suite of commodity-based alternative investment products, led by a hedge fund investing in battered cooper, gold and mining stocks.
The New York firm plans to raise $500 million for the fund, which has a capacity of about $2 billion, Bloomberg News reports. The fund will focus on precious metals and natural-resources stocks listed in London, Sydney and Toronto. Metals took a beating last year, with the London Metal Exchange Index falling by almost half.
Mark Thompson, the former chief investment officer at commodities hedge fund shop Galena Asset Management, is to manage the new offering. The firm hired Morgan Stanley veteran Neal Shear last year to start its commodities business.
The metals hedge fund is the first of four offerings planned by Apollo. The firm plans hedge funds focused on agriculture and energy, as well as a commodity private-equity offering that will invest between $50 million and $350 million per deal.
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…