Saturday, 18 April 2015
Last updated 2 hours ago
Sep 16 2010 | 1:23pm ET
A wave of consolidation has been predicted for the alternative investments industry for years, but it looks more and more like this month is the tipping point.
Yet another acquisition has been announced, this time Polar Capital’s buying HIM Capital Holdings. Terms of the deal were not disclosed, other than to say that Polar would pay for the former Hiscox Investment Management with cash and shares.
HIM manages about US$230 million in long-only financials funds. Polar boasts US$2.6 billion in assets under management.
Polar CEO Tim Woolley hailed his firm’s first-ever acquisition as “a unique group of highly-experienced fund managers and a balanced portfolio of long-only funds with outstanding track records.”
“The acquisition is in line with the group’s ambition to accelerate growth by attracting new investment talent and building sector-specialist platforms from which we can develop the business and enhance returns to our shareholders,” Woolley added.
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…