Sunday, 28 December 2014
Last updated 43 min ago
Feb 5 2008 | 11:44am ET
WL Ross & Co. has held a final close at $4 billion for its latest private equity offering, which will make investments in financially distressed companies.
WLR Recovery Fund IV is the first launch by the firm since being acquired by Invesco in October 2006.
“We launched this fund, our largest to date, some months ago in anticipation of the turmoil that is now providing us with a wide range of distressed investment opportunities,” said Wilbur Ross, chairman of his namesake firm. “Invesco’s access to a broad range of investors and the depth of its global infrastructure support were key in allowing us to meet our funding goals.”
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.