Monday, 30 November 2015
Last updated 2 days ago
Feb 28 2013 | 10:56am ET
3i Group CEO Simon Borrows has built himself a tidy stake in his private equity firm.
Borrows, who took over at the London-based firm in May, bought up 2.5 million 3i shares between Feb. 22 and Feb. 26, according to a regulatory filing. The purchases give Borrows 8.2 million shares in 3i, or a 0.8% stake.
Borrows became CEO amidst shareholder frustration over 3i's poor results. Shortly after he took over, he spent nearly £7 million buying up shares, and has been handsomely rewarded, with the stock rising more than 80% since then. He's also received shares as part of his incentive scheme.
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…