Bloomberg reports that Goldman Sachs, the firm which last week doubled its money from a 2010 bet on Facebook, is ramping up investments in Web startups, underscoring the allure of high-growth tech companies to financiers far from Silicon Valley.
Goldman Sachs led a $52m round of funding in AnchorFree, the Mountain View, California-based maker of Internet-surfing software said Monday in a statement. The bank is also in talks to invest in Spotify Ltd. in a deal that would value the London-based music-streaming service at up to $4bn, a person familiar with the matter said last week.
In the meantime, Reuters reports that former MF Global Holdings CEO Jon Corzine received more than $8m in pay and stock options from the futures brokerage in the year before it went bankrupt.
Corzine's pay along with that of other former MF Global executives was listed in a court document filed last week by Louis Freeh, the trustee unwinding the company's bankrupt estate.
And the news agency also reports that Raymond James Financial's longtime independent brokerage unit CEO Dick Averitt said on Monday that he was handing over his duties to Scott Curtis, completing a management transition set in motion in November.
Averitt announced his departure during a Monday morning speech before an annual conference of its independent brokers, effective when he stepped off the stage.
Finally, Bloomberg reports that Wells Fargo will double its $444bn asset-management unit within seven years by expanding in international markets as wounded European rivals retrench, according to division chief Mike Niedermeyer.
The firm will add foreign stock and bond strategies to its U.S.-based mutual-fund unit, open six more Luxembourg-based funds for offshore clients and wrest business from competitors, Niedermeyer said in an interview. The San Francisco-based firm, also seeks to buy a business that would give clients greater access to handpicked hedge funds, he said.