Tuesday, 26 May 2015
Last updated 42 min ago
Jan 27 2009 | 12:31pm ET
Thames River Capital is closing a year-and-a-half old hedge fund that has been battered by investor redemptions.
The London-based hedge fund shop will repurchase all shares of its £2.7 million Kingsway Plus fund on Jan. 30, it said in an announcement to the London Stock Exchange. Investors have the option of reinvesting their assets in another Thames River fund; those not reupping will get their money back within five business days of redemption.
The firm decided to close the fund, which debuted in June 2007, “in order to minimize the fund’s exposure to the current volatile conditions in equity markets,” it said.
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…