Industry News

Check out the latest news and insight from the ever-evolving world of institutional investing and hedge funds from around the globe.

Jing Chen has been eVestment’s hedge fund industry news reporter since 2011. To submit industry-related press releases or request feature ideas please contact her at editor@evestment.com

News Archive

Read More Industry News >

Ex-Citigroup Head to Lead Hamilton Insurance

Jan 13, 2014
Jing Chen

Former Citigroup CEO Sandford Weill has been named the chairman of Hamilton Insurance Group, which completed its acquisition of the reinsurance unit previously owned by hedge fund firm SAC Capital last month.

Hamilton president and chief executive officer Brian Duperreault said through a statement released by the Bermuda-based reinsurance firm last week that Weill’s appointment will help “establish a leading insurance and reinsurance business.”

Weill, who left Citigroup in 2006, helped build it into what was at one point the world’s largest bank.

eVestment reported that Connecticut-based SAC Capital made the decision to sell off its reinsurance amidst the firm’s insider trading probe. SAC, which admitted to insider trading in November, was charged with wire fraud and four counts of securities fraud for allegedly allowing insider trading to go unchecked from 1999 through at least 2010. The Securities and Exchange Commission also charged Cohen for failing to prevent insider trading at his firm.

 

Source: 

Read More Industry News >


Want to subscribe?

Join 15,000+ of your colleagues to receive daily hedge fund news from the definitive source in traditional and hedge fund data.

Subscribe Now


Hedge Fund Journal Reviews eVestment's Hedge Fund Database

July, 2012

Read More