Old Mutual Private Equity (OMPE), a division of Old Mutual Alternative Investments, has sold its stake in Consol Holdings to Luxembourg-based Ardagh Group, one of the largest glass producers in the world, for an equity value of approximately R10bn (enterprise value of approximately R17bn),
10Xâs Chief Executive leaves after 15 years
By Edward West
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CAPE TOWN - STEVEN Nathan, a well known proponent of index fund investment in this country and chief executive of 10X Investments, has stepped down effective December 31, 2020, to pursue other interests, a statement said yesterday.
The asset manager had been at the helm of the company for 15 years.
The group said executive chairperson Henk Beets would become acting chief executive while a search for a permanent successor would be launched.
Beets said he would work closely with the management team to ensure superior investment outcomes continued to be delivered to clients through their simple, low cost and transparent offering.â