FinanceQuartzabout 1 hour ago
Vanguard borrows $4 billion for Altruist deal
2 min read
Vanguard Group secured roughly $4 billion in private bonds to finance its acquisition of Altruist, a wealth technology platform. CEO Salim Ramji aims to diversify revenue beyond index funds. The deal, agreed in August, is expected to close later this year after regulatory approvals.
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