Sunday, 28 December 2014
Last updated 4 days 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.
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.