Friday, 27 November 2015
Last updated 1 day ago
Mar 19 2010 | 9:46am ET
The financiers hoping to lead a takeover of Britain’s most legendary soccer team are looking to bring on another prominent hedge fund executive into its ranks.
The “Red Knights” are seeking to recruit Jon Aisbitt. The group, which is planning a bid for 18-time league champions Manchester United Football Club, already boast Marshall Wace Asset Management founder Paul Marshall among its roster of City hotshots hoping to buy the Premiership’s hotshots.
Like Marshall, Aisbitt is a United fan, The Guardian reports.
The team’s current owners, the American Glazer family, have been heavily criticized by its fans for piling more than US$1 billion in debt on the club. Man U. supporters have launched several highly-publicized protests against their stewardship, but the Glazers have vowed to hold onto the club.
The Red Knights hope to raise US$1.5 billion for a potential hostile bid.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…