Tuesday, 29 July 2014
Last updated 3 hours ago
Oct 9 2012 | 12:56pm ET
Insurer Allied World Assurance has bought a minority stake in alternative investments firm MatlinPatterson.
AWA acquired a substantial stake in New York-based MatlinPatterson, which has $5.5 billion in assets. As part of the deal, the insurer will invest $500 million in MatlinPatterson's fund, winning fee discounts as a co-owner of the firm.
MatlinPatterson was founded a decade ago by former Credit Suisse executives David Matlin and Mark Patterson, the latter of whom until recently served on AWA's board of directors. The firm, which has both hedge fund and private equity funds in its stable, focuses on distressed investments.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…