Wednesday, 1 April 2015
Last updated 1 hour ago
Nov 23 2009 | 6:12am ET
When Gartmore Group goes public next month, most of the proceeds will go toward paying down its debt. But the new capital will also be used to boost the firm’s hedge fund business.
Phil Wagstaff, global head of distribution at the firm, told the Financial Times that the firm plans to increase its UCITS III-compliant hedge fund lineup by three or four. It will convert some of its existing funds into vehicles that meet regulatory standards, as well as launching new funds.
Gartmore, which has £22 billion (US$36.2 billion) in assets under management, announced plans for an initial public offering last week. The firm, which is owned by its management and private equity firm Hellman & Friedman, will list its shares on the London Stock Exchange.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
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…