Saturday, 23 May 2015
Last updated 14 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.
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…