Friday, 27 March 2015
Last updated 4 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.
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…