Friday, 27 November 2015
Last updated 1 day 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.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…