Friday, 26 December 2014
Last updated 2 days 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.
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.