Tuesday, 31 March 2015
Last updated 2 hours ago
Jul 15 2011 | 12:01pm ET
The Man Group yesterday officially opened its new riverside headquarters in London, with help from Britain's Chancellor of the Exchequer.
The new 10-story building, which cost £250 million, features two new trading floors and will house nearly 1,000 employees. It is located on Swan Lane alongside the River Thames, just a half-mile up the river from its old headquarters on Sugar Quay and featuring views of London Bridge and the Tower of London.
Man has a 20-year lease on the building, Riverbank House.
"This new world-class facility demonstrates Man's continued commitment to London after being located in the City for more than two centuries," CEO Peter Clarke said, referring to Man's origins as a barrel-maker in 1783. Now, it is an alternative investments giant with more than US$70 billion in assets.
For his part, Chancellor George Osborne thanked Man for its "decision to commit to the future" of the U.K. and London, but warned that "we've got to get the regulation right and we've got to keep our taxes competitive" to keep firms like Man in London.
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…