Saturday, 27 December 2014
Last updated 2 days 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.
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.