Genworth Financial acquiring Altegris

Jon Sundt Courtesy

La Jolla-based Altegris Investments is being acquired by Genworth Financial, Inc. (NYSE: GNW), according to a recent press release.

Under the terms of the agreement, Genworth will pay approximately $35 million at closing, with additional performance-based payments.

Genworth Financial Wealth Management (GFWM) and Altegris combined will have approximately  $23 billion in assets under management, the release stated.

“As a specialist with deep roots in designing and delivering alternative investment products, we are excited to introduce our capability and expertise to a broader group of financial advisors through GFWM,” said Jon Sundt, president and CEO of Altegris. Bringing a proven suite of alternative investment products as well as distribution

Related posts:

  1. Best of La Jolla 2010 winners announced
  2. Voting wraps up Sept. 7 for 'Best of La Jolla'
  3. Kudos to: St. James Gift Shop for polishing the Jewel
  4. La Jolla lifeguard tower projects moving toward contracts
  5. Decision looms on BigBelly purchase

Short URL: http://www.lajollalight.com/?p=5711

Posted by Phil Dailey on Nov 9, 2010. Filed under La Jolla, News. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

Leave a Reply

La Jolla Community Calendar

Facebook

Bottom Buttons 1

Bottom Buttons 2

Bottom Buttons 3

Bottom Buttons 4

Bottom Buttons 5

Bottom Buttons 6

RSS North Coastal News

  • Torrey Pines High School football starts Aug. 29 August 28, 2014
    The Torrey Pines varsity football team scrimmaged against San Marcos on Friday, Aug. 22. Their first game is at 7 p.m. Friday, Aug. 29. […]
  • Del Mar doctor faces 20 years for selling prescriptions to addicts August 28, 2014
    A Del Mar osteopath who sold painkiller prescriptions to addicts and drug dealers pleaded guilty in federal court Aug. 26 to conspiracy to unlawfully dispense and distribute oxycodone. William Joseph Watson faces up to 20 years in federal prison when he is sentenced Dec. 8, said Assistant U.S. Attorney Fred Sheppard. The defendant — who had been indicted on […]
  • Teacher thrilled to be back in Carmel Valley as new Canyon Crest Academy Envision Theatre Coordinator August 28, 2014
    Jeannine Marquie landed her dream teaching job when she began working at Canyon Crest Academy’s Envision in 2007. But when schools were hit by the recession and her position went from full time to part time, the actress-turned-teacher had to relocate to Orange County. Now starting her 18th year as a teacher, Marquie is back in Carmel Valley as the new theate […]