Reuters US Money

By Ross Kerber (Reuters) – Goldman Sachs Group Inc on Thursday raised the number of diverse directors it wants on portfolio company boards, citing rising shareholder expectations and more demographic data showing who is who. Starting in March, Goldman Sachs Asset Management will expect companies whose shares it owns to have at least 10% of …

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(Reuters) – Apollo Global Management Inc said it would buy the U.S. wealth-distribution and asset-management businesses of Griffin Capital for an undisclosed sum, as it looks to boost its offerings for rich clients. The deal will combine Griffin’s alternative investment solutions in the wealth management space with Apollo’s focus on private banks, broker-dealer and family …

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