Friday, 27 March 2015
Last updated 29 min 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.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…