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April 17, 2019  

White Mountains Backs Elementum

White Mountains Insurance, which buys stakes in financial-service companies, is taking a position in catastrophe-bond investor Elementum Advisors.White Mountains, a Bermuda holding company, has agreed to acquire a 30% stake in Elementum, a Chicago alternative-investment manager with $4.1 billion under management at yearend 2018. The deal is scheduled to close on May 31.SS&C GlobeOp, Elementum’s fund administrator, wrote in a note to...


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