Friday, 27 March 2015
Last updated 22 min ago
Jan 8 2008 | 8:11am ET
An ING unit has bought a minority stake in a hedge fund manager, signaling a new strategy.
Lincoln Vale has sold a piece of itself to ING Investment Management, Americas, a first for the division, Pensions & Investment reports. Terms of the deal were not disclosed, but ING will become London- and Boston-based Lincoln Vale’s primary distributor. The alternative investments shop manages hedge funds, private equity vehicles and structured products.
The Lincoln Vale deal is likely to be followed by others for stakes in small alternatives firms, according to ING.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
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…