Thursday, 31 July 2014
Last updated 3 hours ago
Jul 3 2008 | 12:27pm ET
Private equity firm Rosemont Investment Partners has partnered with the management of Riverview Alternative Investment Advisors, a $1.5 billion fund of hedge funds, to buy Nationwide Mutual Insurance Company’s majority interest in the hedge fund.
Riverview will now be majority-owned by its management team and minority-owned by Rosemont.
Steve Turi, Riverview’s co-founder, said the deal was a “natural move” for the firm and Nationwide.
“We wanted a management buyout because we believe it will create a seamless transition for clients,” he said.
Genie Logue, a principal of Rosemont, said Riverview is Rosemont’s fifteenth asset management investment and the firm’s first investment in the alternative asset management arena.
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…