Friday, 27 March 2015
Last updated 25 min 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.
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…