Monday, 22 September 2014
Last updated 7 hours ago
Aug 17 2012 | 8:35am ET
Boston-based Anchor Capital Advisors will acquire Moody Aldrich Partners’ Focused Value business and hire its founder and sole portfolio manager, Michael Pierre.
Pierre will join the Anchor investment team as a senior vice president and portfolio manager and his long-only domestic all-cap equity strategy will be available to Anchor clients immediately following the transaction close. The value of the deal was not revealed.
Focused Value grew out of a 2003 strategic partnership between MAP and Pierre & Company, which provided infrastructure and support to its All Cap Value.
“This is a terrific acquisition for Anchor,” says William P. Rice, president and founder of the $6.5 billion Anchor Capital. “Not only will it enhance our product offering, but Mike’s appointment represents an excellent addition to the next generation of leadership at the firm. We look forward to partnering with him on continuing Anchor Capital’s growth.”
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…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.