Thursday, 25 December 2014
Last updated 16 hours ago
Jan 25 2011 | 10:36am ET
SAC Capital Advisors has bought up a 5.3% stake in delivery chain Domino's Pizza, the hedge fund giant disclosed in a regulatory filing.
SAC now owns 3.2 million Domino's shares, scooping them up just two weeks before the Super Bowl—undoubtedly one of Domino's busiest days. But the oft-derided chain has been on something of a roll over the past year, with its share price rising by almost half after it introduced a new pizza recipe in the U.S. and launched a several major advertising campaigns.
The SAC buy helped push Domino's shares up another 2.4% in after-the-bell trading.
SAC said its stake was a passive investment.
The purchase comes exactly five years after the New York Post chose to report the momentous news that Cohen bought a pizza pie from an East 33rd Street pizzeria, paying with his American Express "black card."
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.