Saturday, 25 April 2015
Last updated 1 day ago
Mar 23 2009 | 1:54pm ET
Venture capital giant Sequoia Capital’s plan to enter the hedge fund business may be a non-starter following the departure of the project’s pointmen.
Michael Beckwith and Eric Upin, who joined Sequoia last year to help it set up a hedge fund, have both left the firm. Upin, a former head of Stanford University’s endowment, has joined Makena Capital Management, founded three years ago by another former Stanford endowment chief, Michael McCaffery.
It is unclear whether Sequoia raised any money for the hedge funds to be run by Beckwith and Upin, or whether the hedge fund plans have been cancelled or merely shelved for the time being.
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…