Sunday, 24 May 2015
Last updated 1 day ago
Jun 2 2009 | 1:10am ET
The final CEO of now-defunct Bear Stearns has a new job with alternative investments firm Guggenheim Partners.
Alan Schwartz will join the New York- and Chicago-based firm as executive chairman later this month, The Wall Street Journal reports. While his primary focus will be on building Guggenheim’s banking and trading businesses, he will also work in increasing the size of its investment-management division, which has $100 billion in assets.
“Fate has dealt me an opportunity to start from scratch,” Schwartz told the Journal.
Schwartz served as CEO of Bear during its final months, succeeding James Cayne just before the firm ran into the liquidity troubles that forced it into bankruptcy.
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…