Sunday, 24 May 2015
Last updated 1 day ago
Sep 2 2009 | 12:54pm ET
Japan’s Mizuho Corporate Bank has big plans for its flagship commodity trading advisor.
The bank plans to increase the size of the Crystal Japan Fund, managed by Mizuho’s U.S.-based Mizuho Alternative Investments, eightfold over the next five years, to ¥100 billion (US$1.1 billion), Reuters reports. The firm hopes to more than double the size of the hedge fund this year alone, from ¥13 billion (US$139.7 million) to ¥30 billion (US$322.3 million).
Mizuho plans to drum up business from Japanese pension funds and institutional investors, including regional banks, as it seeks to attract assets to the CTA. A major selling point is likely to be Crystal Japan’s huge return last year. The fund bucked the hedge fund downturn, soaring 42.39%.
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…