Sunday, 26 April 2015
Last updated 1 day ago
Apr 10 2009 | 11:04am ET
Citadel Investment Group’s two flagship hedge funds continued their slow climb back last month, recouping another 3% after last year’s disastrous losses.
Both the Kensington Global Strategies Fund and Wellington Fund, which manage a combined $7.7 billion, were up approximately 11% in the first quarter, Dow Jones Newswires reports. The funds returned 2.6% in February and 4.75% in January, the first time in seven months the funds had posted positive returns.
The funds lost some 55% last year, leading the Chicago-based firm to suspend redemptions. In February, Citadel chief Kenneth Griffin announced that the firm would create a “distribution program” that would allow investors to get some of their money back eventually. According to DJ, the firm has not announced any details of that program yet.
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…