Saturday, 28 March 2015
Last updated 1 day ago
Sep 6 2011 | 3:58am ET
GLG Partners co-founder Pierre Lagrange could be on the hook for more than £160 million in what would be one of the largest divorce settlements in U.K. history.
Lagrange and his wife, Catherine, separated last year, and Lagrange has called their split a "most amicable one." But the father of three is still likely to have to split his estimated £330 million fortune with his wife, with whom he filed divorce papers last month.
In advance of the divorce, Lagrange sold his home on London's "billionaires' row" to Russian billionaire Roman Abramovitch. The latter paid some £90 million for the Kensington Palace Gardens mansion, which Lagrange bought seven years ago for a mere £19 million.
Lagrange, who now works at the Man Group, which acquired GLG last year, has since begun a relationship with fashion designer Roubi L'Roubi, with whom he was seen in April at the Venice Biennale. But Lagrange denied that L'Roubi was the cause of his split with his wife.
"I only met Roubi long after our divorce decision," he told The Telegraph. "My relationship with him is indeed of a romantic nature. My divorce reflects the reality of a separation that has happened a long time ago."
Lagrange now sits on the board of directors of L'Roubi's company, Asked For Designs, which counts St. Paul's Cathedral among its clients.
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…