Friday, 19 December 2014
Last updated 13 hours ago
Jun 30 2010 | 12:10pm ET
D.E Shaw Group is poised to enter a joint-venture with Indian billionaire and industrialist Mukesh Ambani, as the latter prepares to move into the financial services sector.
Terms of the potential deal—other than that it will be an equal joint-venture—are unclear. But it will allow the Mukesh Dhirubhai Ambani Group, and its Reliance Industries, to enter the financial services business, including private equity funds, the Economic Times reports.
Those business areas opened to Ambani after he and his estranged brother Anil ended their non-compete agreement with one another last month.
Ambani is also looking to buy a majority stake in JM FInancial Asset Management, an Indian money manager and private equity shop.
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.