Dec 4 2006 | 10:48am ET
The Bank of New York will pay $16.5 billion to acquire Pittsburgh’s Mellon Financial Corp., creating the largest securities servicing firm and corporate trustee in the world, both firms said today.
The deal—BoNY’s second this year, following its April agreement to swap its consumer banking business for JPMorgan Chase’s corporate trust business—creates a giant which will compete for hedge funds’ securities lending, servicing and trusteeship business.
Feb 3 2014 | 9:27am ET
In recognition of his extraordinary dedication to philanthropy, Marathon Asset Management’s Bruce Richards will be presented with the Award for Caring during the 16th Annual New York Open Your Heart to the Children Benefit, which takes place on Thursday, March 6. The gala, the largest gathering that Hedge Funds Care/Help For Children holds worldwide, will bring together 1,000 hedge fund executives to raise funds to help prevent and treat child abuse in New York, New Jersey and Connecticut. Read more…