Tuesday, 1 December 2015
Last updated 6 hours ago
Apr 29 2013 | 3:09pm ET
A pair of private equity firms is moving towards a deal for a piece of Banco Santander's asset management business.
General Atlantic and Warburg Pincus are in exclusive talks with Spain's biggest bank about the purchase of a minority stake in the unit, which has more than €160 billion in assets under management. The discussions are at an advanced stage, Reuters reports.
It is unclear when the exclusivity period expires.
Santander has been working to build or sell its asset management business for years.
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…