Tuesday, 29 July 2014
Last updated 6 hours 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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…