Monday, 25 May 2015
Last updated 2 days ago
Mar 26 2009 | 10:55am ET
Swiss fund of hedge funds shop Gottex Fund Management saw its profit fall by 41% last year and assets under management by 40%, it said yesterday.
Despite the setbacks, the firm is pleased enough with its performance during the first few months of the year to boost its dividend by a third.
“We are seeing improved liquidity in the hedge fund market and in our portfolios,” the firm said.
Gottex’s assets under management fell to US$9.6 billion, and the firm warned it was unlikely that assets would rise until “towards the end of the year.” Profit at the firm fell to US$42.9 million.
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…