Tuesday, 2 September 2014
Last updated 3 days ago
Jan 4 2010 | 9:29am ET
An icy battle between a pair of hedge funds is casting a shadow over one of the central venues of this year’s Winter Olympics in Vancouver.
Davidson Kempner Capital Management and Fortress Investment Group are sparring over the restructuring of Intrawest, the Fortress-owned resort company that owns the British Columbia ski resort set to host the Olympic’s alpine competions. Davidson Kempner, which leads troubled Intrawest’s creditors’ committee, has balked at Fortress’s bid to keep a hand in the running of the company, despite the fact that its equity stake is all but worthless. Negotiations between the two sides are at an impasse, the New York Post reports.
Intrawest is currently late on a $254 million debt payment.
The Post reports that both sides may be waiting for the Canadian government to step in to avoid a bankruptcy filing prior to the start of the Winter Games, set for Feb. 12.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...