Friday, 19 September 2014
Last updated 2 hours ago
Dec 21 2011 | 2:07am ET
Former Man Group chief Harvey McGrath has resigned from insurance giant Prudential following a failed acquisition bid.
McGrath will retire next year, pending the selection of his successor as chairman of the company. While people close to McGrath say the exit, after three years at the helm, was his own decision, it comes after Pru abandoned a US$35 billion takeover bid for Asian insurer AIA. The aborted effort cost Pru some £377 million.
In May, about one in five shareholders opposed McGrath's reelection as chairman.
McGrath served as chairman of Man until his retirement in 2007, after almost 30 years at the hedge fund. He also served as chief executive.
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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