Jun 14 2013 | 11:31am ET
Algebris Investments is set to launch a long-only financials fund with more than US$100 million in commitments.
The London-based hedge fund will roll out the fund in August with a formal launch in September. The vehicle—which will charge only 0.9% in annual fees—will invest in high-dividend stocks and high-yielding bonds, with the aim of distributing about 7% per year to investors in quarterly payouts.
Mar 10 2014 | 11:33am ET
A huge thank you to all of the people who helped make last Thursday’s HFC NY Open Your Heart to the Children Benefit such a success. The charity gala raised nearly $2 million to prevent and treat child abuse in New York, New Jersey and Connecticut. Read more…