Sunday, 26 April 2015
Last updated 2 days ago
Jun 22 2010 | 12:34pm ET
Meet the new bosses, Nick Purves and Ian Lance. Same as the old bosses, in this case, as the two fund managers saw their old employer, Schroders, buy almost half of their new employer, hedge fund RWC Partners.
Schroders has bought a 49% stake in the London-based hedge fund, two months after Purves and Lance, its top managers, defected to RWC. The two men have not even started at their new jobs, where they will manage a portfolio similar to the one they managed at Schroders, but were given the option to veto the Schroders deal, Reuters reports.
“They’re totally supportive of it,” RWC CEO Peter Harrison said.
RWC will remain a separately-run company, and its current management team will remain in place.
Financial terms of the deal were not disclosed, and the agreement does not include a commitment on behalf of Schroders to buy a majority stake in the future.
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…