Friday, 27 March 2015
Last updated 2 hours 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."
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…