Friday, 27 November 2015
Last updated 1 hour 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.
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…