Conning Holdings Corp., the asset manager controlled by Jeff Greenberg’s Aquiline Capital Partners LLC, named David Marks and Ron Joelson to its board as the company seeks to expand offerings to insurance clients.
Troy Stratos, a self-described movie producer who left a trail of debt in Europe and North America, was arrested in Los Angeles for allegedly defrauding the ex-wife of comedian Eddie Murphy of at least $7 million.
Conning & Co., the money manager controlled by Jeff Greenberg’s Aquiline Capital Partners LLC, is adding about $6 billion in assets from Brookfield Asset Management Inc. as the seller exits the business of overseeing funds for insurers.
CRT Capital Group LLC is in talks to combine with Pierpont Securities LLC as fixed-income trading volumes fail to keep up with the market’s expansion, according to a person with knowledge of the matter.
Woody Bradford, who will take over as chief executive officer of asset manager Conning Inc. next month, said insurers should avoid riskier credits and long- duration assets as they seek to boost portfolio yields.
Bond broker Chapdelaine & Co. is seeking buyers as an April agreement to sell itself to Hong Kong-based Primus Financial Holdings Ltd. has yet to close, according to three people with direct knowledge of the matter.