Tuesday, 30 September 2014
Last updated 3 hours ago
Mar 23 2011 | 11:18am ET
Highbridge Capital Management's joint energy venture with Louis Dreyfus Group has sold a set of energy assets for $1.95 billion.
The cash deal will see a pipeline and natural-gas storage and processing plants transferred to Energy Transfer Partners and Regency Energy Partners. The assets are in Texas, Mississippi and Louisiana.
Louis Dreyfus Highbridge was formed in 2007 when Highbridge bought a $1 billion stake in Louis Dreyfus ES Holdings. The firm is based in Wilton, Conn., up the road from Highbridge's New York headquarters.
"We see a number of exciting growth opportunities for these assets, which will allow both partnerships to compete in a new business platform of the midstream value chain, add downstream capabilities and capitalize on favorable N.G.L. market fundamentals," Regency CEO Mike Bradley said. "In addition, we anticipate that Louis Dreyfus will remain an important customer."
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
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