Friday, 19 December 2014
Last updated 5 hours ago
Feb 19 2010 | 1:13pm ET
Creditors of a winter resort company owned by Fortress Investment Group won’t be selling its most high-profile asset just yet.
The Whistler Blackcomb Resort in British Columbia was set to go on the auction block yesterday, even as it is hosting the Winter Olympics’ alpine events. But a deal between Fortress and its creditors gives the New York-based alternative investments giant another week to reach an agreement with lenders that have declared it in default on US$524 million in debt payments.
But Intrawest, the resort owner, isn’t out of the Olympic woods just yet: Its creditors have set a new auction for Feb. 26—next Friday—two days before the Olympics’ closing ceremony in Vancouver.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.