Saturday, 18 April 2015
Last updated 19 hours ago
Mar 17 2009 | 3:22am ET
More changes are afoot at RAB Capital, as the hedge fund has replaced the managers of what little is left of its U.K. fund.
Mark Darell-Brown and Steve Thompson, who managed the fund to a 31% decline last year, will leave the London-based firm, the Financial Times reports. In their stead will step Simon Acton and Alex Condrington, the managers of RAB’s Europe Fund.
There’s not much managing left to do at Darell-Brown and Thompson’s former fund: RAB’s U.K. fund, which managed more than US$400 million just two years ago, now has less than US$5 million in assets after almost all investors pulled their money.
The departures at the U.K. fund follow co-founder Philip Richards’ decision last year to step down as CEO to focus on managing the firm’s flagships, both of which lost in excess of 60% last year.
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…