Easterly Investment Partners, a Beverly, Massachusetts-based asset management company, has entered into a definitive agreement to acquire an equity interest in Snow Capital Management, a value equity manager based in Sewickley, Pennsylvania.
The transaction, terms of which were not disclosed, is expected to close by July 1.
Snow Capital manages $1.6 billion in assets. When combined, Easterly and Snow entities will manage approximately $5 billion.
Former advisor Isaiah Williams allegedly used the stolen funds from ex-Dolphins defensive safety Reshad Jones for numerous personal expenses, according to police and court records.
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