Wednesday, 17 December 2014
Last updated 9 hours 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.
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.