Monday, 4 May 2015
Last updated 6 hours ago
Jul 11 2008 | 11:31am ET
Just days after backing the management buyout of fund of hedge funds International Asset Management, the founder of private equity firm Apax Partners is investing in another alternatives firm.
Ronald Cohen, alongside frequent collaborator Jacob Rothschild, has bought a stake in London-based hedge fund Millennium Global. The two City veterans are buying their stakes from minority investors who backed Millennium’s founding 14 years ago, and may increase their stakes in the future.
The price paid for the stakes was not disclosed.
Currency overlay specialist Millennium manages some US$15 billion. Cohen and Rothschild are to serve as special advisers to the firm, with Cohen’s addition a sign that the firm may consider an initial public offering, although founder Michael Huttman says such a move is “years away,” the Financial Times reports.
Cohen left Apax in 2005.
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…