Mubadala Capital, which manages $27 billion in assets, will take a 42% stake in Silver Rock Financial, which manages $10 billion in assets.
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The deal expands Mubadala Capital’s reach in the US while giving CI Financial additional backing after years of snapping up RIAs.
California was already contending with a home insurance crisis due to unpredictable weather events. Then came this week’s fires.
England had a rude awakening this week, as the United Kingdom was transported back in time to one of the most tumultuous years in its history.
Defined outcome ETFs have long promised virtually risk-free investing, but also place significant caps on potential gains.