Nov 22 2006 | 4:35pm ET
After reaching its five-year-mark, fund of hedge funds manager PDP Capital Investments is revving up its marketing effort with the aim of growing its two funds to approximately $500 million.
Paul Pomfret, CEO of the Palm Beach, Fla.-based firm, explains that three years ago he reorganized the structure of the funds, which many perceived as a change in strategy, and thus he had to prove himself and his funds all over again.
Since inception in 2000, the PDP Global Growth Fund has had an annualized return of 11.85% and the PDP Global Offshore Fund has had an annualized return of 12.86%.
Feb 3 2014 | 9:27am ET
In recognition of his extraordinary dedication to philanthropy, Marathon Asset Management’s Bruce Richards will be presented with the Award for Caring during the 16th Annual New York Open Your Heart to the Children Benefit, which takes place on Thursday, March 6. The gala, the largest gathering that Hedge Funds Care/Help For Children holds worldwide, will bring together 1,000 hedge fund executives to raise funds to help prevent and treat child abuse in New York, New Jersey and Connecticut. Read more…