Thursday, 1 December 2011

Three asset managers win $254mn Powerball prize

GREENWICH, Connecticut:In a twist of lottery fate, three Connecticut money managers took home the state's largest Powerball jackpot. The trio came forward with the winning ticket at a press conference on Monday.

Tim Davidson, Brandon Lacoff and Greg Skidmore, of Connecticut-based Belpointe Asset Management, claimed the $254 million prize -- the result of a $1 ticket purchased at a gas station by Davidson in Stamford.

Belpointe has about $82 million in assets under management, according to SEC documents.

The winning digits were 12, 14, 34, 39, 46, with a Powerball number 36. The prize was the 12th-largest jackpot in Powerball history, according to the Connecticut Lottery Corp. After taxes, the trio will take home about $104 million.

Davidson, Lacoff and Skidmore later decided to form and become trustees of Putnam Avenue Family Trust after realizing they had the winning ticket. (Reuters)

0 comments:

Post a Comment

Share

Twitter Delicious Facebook Digg Stumbleupon Favorites More