Saturday, 28 November 2015
Last updated 16 hours ago
Apr 16 2010 | 12:18pm ET
The battle for mall operator General Growth Properties is shaping up as a proxy battle between two hedge fund titans.
Simon Property Group, a rival mall owner, has matched the leading plan to get General Growth out of bankruptcy protection, backed by a $1 billion pledge from hedge fund Paulson & Co. General Growth is now seeking a better offer from Brookfield Asset Management, whose offer is supported by hedge funds Pershing Square Capital Management and Fairholme Capital Management.
Pershing Square controls one-quarter of General Growth’s shares.
General Growth said that it would look into the new bid from Simon. An earlier takeover offer from that company was rejected by General Growth.
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…