Sunday, 19 April 2015
Last updated 3 hours ago
Nov 14 2013 | 10:41am ET
Asset management firm Henderson Global Investors has acquired an Australian and UK-based hedge fund firm, adding $342 million to HGI’s assets under management.
HGI said in a statement today that it has purchased H3 Global Advisors, which specializes in managed futures and commodities strategies. Details of the sale were not revealed.
“We are thrilled to have the H3 team join Henderson,” said HGI Australia managing director Rob Adams. “The investment strategies managed by the team are contemporary and world class, and are complementary to our business globally.”
Meanwhile, Ascalon, which had owned a 45% state in the hedge fund firm, said that the sale to HGI was in line with its strategy.
“The sale of our 45% stake in H3 Global represents a positive outcome for all parties and highlights our business model of acquiring, actively building, and strategically exiting investments when the time is right,” said Chuak Chan, the chief executive of Ascalon.
UK-headquartered Henderson Global Investors managed £70.8 billion as of the end of September.
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…