Monday, 15 September 2014
Last updated 6 hours ago
Jun 8 2010 | 10:02am ET
Canadian hedge fund manager Ravi Sood has sold his Navina Asset Management, which runs hedge funds and mutual funds, to Aston Hill Financial.
The C$4.2 million cash-and-stock deal adds Navina’s $225 million in funds to Aston Hill, which could be on the hook for an additional C$1.8 million in payouts depending on the firm’s performance. Sood will remain with the combined firm, with the deal expected to close next month.
“The primary benefits of the acquisition to Aston Hill include the addition of Mr. Sood’s unique talents,” his new employers said.
The move comes just months after Sood arranged for Lawrence Asset Management, where he served as CEO, to acquire Navina. Lawrence founder Jack Lawrence died in a plane crash last summer.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
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