Saturday, 30 August 2014
Last updated 1 day ago
Nov 24 2010 | 5:00am ET
Moore Capital Management founder Louis Bacon has lost a round in his battle to keep a 140-mile power line off of his vast ranch in southern Colorado.
An administrative law judge ruled that Xcel Energy and the Tri-State Generation and Transmission Association have shown that there is a need for the power line. Mana Jennings-Fader also ruled that Xcel and Tri-State raised serious questions about the alternatives proposed by Bacon.
Bacon has argued that there are less expensive and less obtrusive ways to build the power line. He objects to running the line though undeveloped mountains and valleys in his 250-square-mile Trinchera Ranch.
Despite the setback, Bacon has vowed to continue the fight.
"Fortunately, there are many more steps in the approval process and thousands of Coloradans are rallying around better and cheaper alternatives," spokesman Cody Wertz said.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...