Monday, 15 September 2014
Last updated 5 hours ago
Oct 13 2011 | 2:22am ET
Hedge fund managers David Murrin and Susan Payne are splitting up—and splitting their businesses between them.
While other hedge fund divorces, notably that of IKOS Asset Management's Elena Ambrosiadou and Martin Coward, have devolved into acrimonious court battles, that of Murrin and Payne seems to be the very definition of amicable. Murrin will keep Emergent Asset Management in the divorce, and Payne Emvest, where she runs the African Agriland Fund.
To complete the divvying up of marital companies, Payne has resigned as CEO of Emergent and Murrin from Emvest's board, Reuters reports. Emergent's Alfred Vinton, who held a 5% stake in the firm, has also left.
"They've had an amicable separation," a spokesman for Emergent said. "They've decided to divide up the businesses."
Murrin, now the sole owner of Emergent, said that he will put together a new board of directors as he mulls new projects for the London-based firm.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
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