Saturday, 27 December 2014
Last updated 3 days 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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.