Wednesday, 6 May 2015
Last updated 16 hours ago
Apr 20 2009 | 11:06am ET
Lansdowne Partners briefly reopened its flagship hedge fund earlier this year, joining the ranks of the long-closed funds that have taken in new money to replace that lost to redemptions.
Lansdowne allowed several investors on its waiting to list to enter the fund in January, Financial News reports. The fund, which manages US$6.3 billion, had been closed to new investors for five years.
The fund, which invests in British equities, actually enjoyed positive returns last year, adding 0.5% while the average hedge fund lost close to 20%. But investors still pulled more than US$1 billion from the fund, which has returned 6% this year.
It is unclear how long Lansdowne kept the fund open to new investment. One investor who said he was able to put money in earlier this year told FN that his attempts to invest more since then have not been accepted.
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…