Monday, 30 November 2015
Last updated 11 min 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.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…