Monday, 27 April 2015
Last updated 45 sec ago
Mar 20 2014 | 10:30am ET
Wells Fargo Asset Management is set to take a majority stake in fund of hedge funds manager Rock Creek Group next month.
Wells took a 35% stake in Rock Creek in late 2012, with an option to increase that holding to a controlling stake. The bank will exercise that option on April 1, it said.
“This change is a sign of Wells Fargo’s continued commitment to—and investment in—the Rock Creek Group, but it will in no way affect the management, independent culture, investment process and brand identity of the firm,” Wells said. The bank may still increase its stake further.
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…