Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.
Monday, 5 December 2016
Last updated 2 days ago
Nov 9 2007 | 12:15pm ET
Asset management boutique Affiliated Managers Group has taken a stake in activist hedge fund manager ValueAct Capital, its second in a hedge fund.
Terms of the deal were undisclosed, but AMG has reportedly purchased a roughly 25% stake in the $6 billion San Francisco hedge fund firm, buying out a former outside investor. ValueAct founders and managers have signed long-term employment contracts, and AMG’s presence is not expected to lead to any investor departures.
Prides Crossing, Mass.-based AMG also owns a 25% stake in AQR Capital Management, which it took three years ago.