Friday, 27 November 2015
Last updated 1 hour ago
Jan 4 2011 | 10:57am ET
Houston-based wealth/asset management firm Sanders Morris Harris Group has completed its purchase of a 50.1% stake in Global Financial Services. The transaction increases Sanders Morris Harris' client assets to approximately $16.1 billion.
Global Financial, also based in Houston, manages about $4 billion. Its principals will continue as managing directors and members of the board of managers of the firm and it will retain its own name and quarters. Global Financial’s founders will maintain ownership of the balance of the business. Its clients are largely international executives, their families and corporations. Its 2010 revenues were approximately $16.4 million.
Sanders Morris Harris also announced that it had consummated the previously announced spinoff of its Concept Capital division. It retains a 43.5% profits interest in the new entity.
Sanders Morris Harris has more than 560 employees in 20 states.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…