Monday, 22 December 2014
Last updated 17 hours ago
Jun 6 2011 | 1:14pm ET
A piece of the New York Mets may not be David Einhorn's most valuable investment in the New York City borough of Queens.
Einhorn's hedge fund, Greenlight Capital, is storing some of the hundreds of millions of dollars in gold bullion it owns in a secured facility in Queens, Reuters reports. It also houses some of its physical gold in HSBC's vault in Manhattan, and has pledged some of its gold as collateral in a deal with Goldman Sachs.
Greenlight launched a dedicated gold fund last year that has about $556 million in assets under management; the firm itself manages $7.8 billion.
Einhorn is currently negotiating the terms of his purchase of a one-third stake in the Mets.
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.