Wednesday, 23 July 2014
Last updated 17 min ago
Jun 26 2013 | 12:20pm ET
Connecticut Gov. Dannel Malloy said yesterday that a proposal to build a new home for the world's largest hedge fund in Stamford was for the city to make.
Malloy, a former mayor of the city, was pushed hard for a deal to move Bridgewater Associates from Westport to a new campus on the Stamford waterfront. But the proposal has generated a great deal of controversy, and little has been done to move forward on it in recent months.
But speaking in Stamford yesterday, Malloy seemed to take a step back from the project.
"What happens in Stamford is up to Stamford," Malloy said. "I'm not making any judgments. I structured the transaction to keep [Bridgewater] in the state."
Last year, Bridgewater struck a deal to build a 14-acre campus on the site of a public boatyard. In exchange, it would receive more than $100 million in tax credits and other benefits.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…