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

CALENDAR PAGE >>

Facebook

Submit Your Photos Here >>>

Bottom Buttons 1

Bottom Buttons 2

Bottom Buttons 3

Bottom Buttons 4

Bottom Buttons 5

Bottom Buttons 6

CARMEL VALLEY, DEL MAR AND SOLANA BEACH NEWS

RSS North Coastal News

  • Del Mar named to beach ‘Honor Roll’ May 25, 2013
    Heal the Bay placed 11 beaches in Oceanside, Carlsbad, Cardiff-by-the- Sea, Del Mar and Point Loma on its 35-beach Honor Roll. San Diego County had more beaches on the Honor Roll than any other county in the state, according to Heal the Bay. […]
  • Solana Beach senior enjoys experience on Torrey Pines High School’s winning surf team May 25, 2013
    Solana Beach resident and Torrey Pines High School senior Kyle Timm first learned to surf when he was around 10 years old. “My brother and dad always surfed,” he remembers. “I would always go to the shore to hang out with them. I’ve been surfing every day since.” Kyle took after his older brother Dale, and when Dale joined the surf team at Torrey Pines High […]
  • Del Mar school district to consider marijuana dispensary resolution May 25, 2013
    The Del Mar Union School District board would like to weigh in on the city’s medical marijuana ordinance, ensuring that dispensaries not be located near school campuses. At its May 22 meeting, the board directed staff to come back with a potential resolution on the subject. […]