Principal Global Investors Buys 51 Percent of Finisterre

Summary


EDITOR'S NOTE: This story has been updated throughout.

LONDON (Reuters) - The investment arm of U.S. insurer Principal Financial Group is buying a majority stake in hedge fundfor an initial $85 million, tapping the group war chest to broaden its investment range.

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Extract


Principal Global Investors Buys 51 Percent of Finisterre

Principal Global Investors said on Monday [April 18] it had sealed a definitive agreement to acquire ...

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