Friday, 27 March 2015
Last updated 2 hours ago
Jun 19 2009 | 1:05pm ET
China’s sovereign wealth fund is wasting no time in implementing its plan to invest in hedge funds. Just days after China Investment Corp.’s pointman on hedge funds announced the fund’s intentions, details are emerging about just how much CIC might invest—and who it might invest with.
The Blackstone Group appears to be the biggest winner, The Wall Street Journal reports. CIC may invest $500 million in a Blackstone hedge fund unit.
All told, CIC hedge fund adviser Felix Chee said the $200 billion sovereign fund could invest up to $6 billion in hedge funds by the end of the year.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
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…