Wednesday, 1 April 2015
Last updated 3 hours ago
Jan 24 2012 | 12:48pm ET
If Steven Cohen is going to own a baseball team, he's going to have to fight for it.
More than 10 people or groups submitted opening bids for the Los Angeles Dodgers by yesterday's deadline. The SAC Capital Advisors chief was among them.
Also making a play for the Dodgers are private equity honchos Leo Hindery and Marc Utay, who, like Cohen, were stymied last year in their effort to buy a piece of the New York Mets (Utay and Hindery also tried, and failed, to buy the Chicago Cubs). Members of the Disney family and the head of their hedge fund Shamrock Holdings, Stanley Gold, also submitted a bid. Guggenheim Partners CEO Mark Walter is part of a group headed by former Los Angeles Lakers great Magic Johnson and former baseball executive Stan Kasten. Private equity mogul Ron Burkle is said to be interested, and Colony Capital's Thomas Barrack may join one of the competing groups.
Other prominent names in the hunt are former Dodgers owner Peter O'Malley, Dallas Mavericks owner Mark Cuban, and former New York Yankees and Dodgers manager Joe Torre.
The Dodgers are expected to fetch at least $1.5 billion.
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…