The market dynamics exist for blank-check companies, but investors are skeptical after the excess of the last few years.
The CEO said the company has more employees in Texas than in New York state.
Anu Aiyengar has been with the firm for more than 20 years and was named co-head of global M&A in 2020.
A partner before Goldman Sachs went public, Carr is known as an old-school, generalist rainmaker.
The recent pullback in special purpose acquisition companies follows a booming couple of years for the vehicles.
Hartford reported last month that fourth quarter core earnings rose 22% to $636 million, beating estimates.
High-profile politicians including Elizabeth Warren have railed against buybacks.
The hedge fund maven seeks to atone for his past wholly returns-oriented investing style.
Franklin agreed to buy Legg Mason to create a firm with a combined $1.5 trillion in assets.
By 2013 companies started to open their pocketbooks again—and they haven’t looked back.
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