Citadel, its head Kenneth Griffin and other affiliated parties have boosted their holding in Evercore Partners, The Wall Street Journal reports. They now hold a 5.2% ownership stake in the investment bank. As of August 8, the group collectively owned about 1.4 million shares of Evercore, up from 210,458 on March 31. With the increased stake, the hedge fund firm will become Evercore’s second-biggest shareholder.
Click here for the story from The Wall Street Journal.
Click here for additional coverage from FINalternatives.