Wednesday, 1 April 2015
Last updated 2 hours ago
Mar 4 2011 | 10:12am ET
Japan's Mizuho Financial Group is to buy the lion's share of hedge fund research outfit Eurekahedge, it said yesterday.
Mizuho Corporate Bank will pay between US$20 million and US$30 million for 95% of Singapore-based Eureka, which publishes a series of widely-followed industry indices, according to published reports. The terms of the deal were not disclosed.
The acquisition by Japan's second-largest asset manager follows its founding in October of a hedge funds business.
Eurekahedge's founders will retain a 5% stake in the company and continue to manage the firm.
Eurekahedge was established in 2001; the company employs about 40 people.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
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…