Tuesday, 28 July 2015
Last updated 4 hours ago
Jan 3 2012 | 1:52pm ET
Evercore Partners has completed its acquisition of a big chunk of fund of hedge funds ABS Investment Management.
The investment bank announced the closing of the purchase on Thursday. The deal, for 45% of ABS was announced in November.
Greenwich, Conn.-based ABS has $3.5 billion in assets under management; founders Alain de Coster, Guilherme Ribeiro and Laurence Russian will continue to manage the firm and its employees continue to own a controlling stake.
Evercore reportedly paid about $45 million for the stake.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…