Bloomberg – Mariner Investment Group, a $12 billion hedge-fund manager, plans to sell a “significant” stake of the holding company to a unit of Japan’s Orix Corp. to help it expand its asset-management business.
The deal will have no impact on Mariner’s investment process and all after-tax proceeds from the sale will be reinvested by the partners in Mariner’s business and its funds, according to a letter the Harrison, New York-based firm sent to investors today.
