Friday, 27 March 2015
Last updated 1 hour ago
Oct 27 2011 | 6:42am ET
Just four years after spinning off from hedge fund giant the Man Group, futures brokerage MF Global Holdings hired a pair of investment banks to consider selling itself.
The New York-based firm's board yesterday hired Evercore Partners and another, unidentified adviser, The Wall Street Journal reports. The move comes just a year-and-a-half after MF Global named former Goldman Sachs CEO and New Jersey Gov. Jon Corzine its CEO.
Corzine has pushed to transform MF into a proprietary trading house. Investors have been less-than-impressed with the results, with the firm's stock price plummeting and its bond rating following due in part to its $6.3 billion in exposure to European sovereign debt, trades overseen by Corzine.
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…