Friday, 21 November 2014
Last updated 3 hours ago
Apr 28 2010 | 7:28am ET
A Fortress Investment Group ski resort company has completed the restructuring of its debt, nearly three months after the end of the Winter Olympics the debt dispute threatened to disrupt.
Intrawest said yesterday that it has refinanced the US$1.2 billion in debt it defaulted on in December, repaying its creditors and winning a new loan that comes due in 2014. Terms of that loan were not disclosed.
Fortress finally reached a deal with its creditors after the Winter Olympics in Vancouver. Those creditors had threatened to begin auctioning its assets during the games, including British Columbia’s Whistler Blackcomb Resort, home to the Olympics’ alpine events.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...