Monday, 22 December 2014
Last updated 16 hours ago
May 31 2013 | 12:09pm ET
Two private-equity firms have struck a deal for half of Santander Asset Management.
General Atlantic and Warburg Pincus will pay €700 million for the stake. The two have been in exclusive talks with Banco Santander for more than a month; Santander has been seeking to build or sell the business for years.
With the deal, it will do both: Santander, General Atlantic and Warburg Pincus said they hope to double the unit's assets under management, currently €152 billion, within five years.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.