Monday, 22 December 2014
Last updated 40 min ago
Oct 4 2010 | 2:37am ET
AllianceBernstein has acquired SunAmerica's alternative investments group.
Terms of the deal were not disclosed. AllianceBernstein, which is owned by AXA, also would not say how much the SunAmerica hedge fund and private equity unit manages.
"We are pleased to add to our alternative investment capabilities this exceptional hedge fund and private equity fund investment team," CEO Peter Kraus said. "Marc Gamsin and his SunAmerica Alternative Investments colleagues have built an outstanding platform, which we believe will provide valued investment opportunities for our clients."
"We've admired AllianceBernstein's superb investment research for many years, and we're thrilled to become a part of this respected, global institution, while maintaining our long-standing SunAmerica relationship," Gamsin added.
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.