Mar 26 2013 | 1:19pm ET
Schroders yesterday agreed to buy Cazenove Capital for £424 million (US$646 million), a move that will unite two of London's oldest and most august asset and hedge fund managers.
Clients of both firms will see no change in the personnel managing their money. Savings of between £12 million and £15 million per year will not come from "the front office of our wealth management business or investment funds," Schroders CEO Michael Dobson said.
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…