Tuesday, 26 May 2015
Last updated 1 hour ago
May 21 2013 | 8:23am ET
Morgan Creek Capital Management will acquire the $700 million alternative funds business of Signet Capital Management, a Europe-based institutional fixed-income investment firm. The value of the deal was not made public.
Under the agreement, Signet will contribute its funds and senior investment management team—including founder Robert Marquardt and CEO Serge Umansky—to Morgan Creek's platform. Signet’s offices in London, and Lausanne, Switzerland, will become part of Morgan Creek’s global network.
“We are excited to have Bob, Serge and the entire Signet team join Morgan Creek, a union that will benefit both our present and future clients,” said Mark W. Yusko, the chief investment officer of Morgan Creek. “This agreement represents a major achievement in our overall strategy to expand our global footprint and bring on talented investment professionals to help address the increasingly complex global investment environment.”
The transaction is expected to close in the second quarter.
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…