Saturday, 20 December 2014
Last updated 1 day ago
Aug 28 2012 | 10:42am ET
Connecticut Gov. Dannel Malloy has called his state's agreement to help Bridgewater Associates build a new headquarters in Stamford a "home run." The people who currently use the waterfront site eyed for the $750 million complex think it's more of a foul ball.
A group called Save Our Boatyard is pushing a letter-writing campaign to oppose Bridgewater's plans for the 14-acre parcel on Bateman Way in Stamford's South End. Maureen Boylan, who leads Save Our Boatyard, wrote that it "seems as though our Connecticut governor is on the move regarding destroying the boatyard with this investment company that wants to come here."
Malloy's deal with Bridgewater has also been criticized for the $115 million in incentives for the hedge fund giant. The governor has defended the deal, noting that it keeps more than 1,000 high-paying jobs in Connecticut, when Bridgewater could have easily moved from its current Westport campus to New York or New Jersey.
The governor also faces potential opposition from the city, which was not consulted. Stamford zoning board chairman Thomas Mills criticized Malloy for treating the plan like "a done deal."
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.