Mubadala Capital, which manages $27 billion in assets, will take a 42% stake in Silver Rock Financial, which manages $10 billion in assets.
Our daily email brings you smart and engaging news and analysis on the biggest stories in business and finance. For free.
The deal expands Mubadala Capital’s reach in the US while giving CI Financial additional backing after years of snapping up RIAs.
Atkins’ nomination is a breath of fresh air for the crypto crowd, who felt Gensler dragged his feet on policy.
Investors can now make bets on Tesla in a handful of different ways through single-stock exchange-traded funds
The move marks the biggest restructuring at the world’s second-largest money manager in more than ten years.