3i Chief Adds To Holdings Of Firm

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.

In Depth

Related-Company Fees: Normal Industry Practice or Conflicted Compensation?

Nov 11 2015 | 4:23pm ET

Regulatory agencies as well as investors are increasingly exploring whether certain...


Ferrari Roars in Wall Street Debut

Oct 21 2015 | 4:28pm ET

Shares of supercar maker Ferrari jumped as much as 15 percent to a high of nearly...

Guest Contributor

Private Debt - What is the Opportunity?

Nov 11 2015 | 3:28pm ET

In this contributed article, Rob Allard, founding partner of Firebreak Capital...


Editor's Note

    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…