Saturday, 25 April 2015
Last updated 12 hours ago
Nov 30 2007 | 10:26am ET
Eight months after retiring from his post as head of the world’s largest publicly-traded hedge fund manager, Stanley Fink has cashed in some of his stake in Man Group.
The London-based firm said in a note to the London Stock Exchange that Fink sold 5 million shares—about a quarter of his stake—for more than £27 million (US$55.9 million). Now the firm’s non-executive deputy chairman after retiring as CEO in March, Fink still owns more than 14.5 million shares.
Man’s stock price has been on the rise since this summer’s credit crisis, rising 17.2% over the past three months. Fink actually added to his stake in August, buying an additional 100,000 shares.
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…