Tuesday, 21 October 2014
Last updated 1 hour ago
Mar 8 2012 | 12:21pm ET
Despite suffering a blow this week in his bid to bring professional basketball back to his hometown, hedge fund manager Chris Hansen remains optimistic about his plans to build a new arena in Seattle.
In his first televised interview since the plan emerged last month, Hansen told KING 5 News that he might not require a commitment from a National Basketball Association or National Hockey League franchise to move forward with the arena. Earlier this week, Hansen's presumed top target, the Sacramento Kings, fell off the table when a new arena plan for California's capital was approved by the Sacramento City Council.
Still, Hansen sounded like a man ready to put shovels into the ground he already owns in Seattle's SoDo neighborhood, near the city's football and baseball stadiums.
"I think we have to be ready at the times the franchise opportunities present themselves to act," he said. He said he hoped to have city and county financing in place for the $500 million arena plan by April, in time for the NBA owners meeting. But he acknowledged that it could take longer to do so.
Hansen also said that he and his group hoped their new building would be a mixed-use venue anchoring a new retail center with shops and restaurants. "We would love to, of course, some for of mixed-use entertainment, like at the Staples Center in Los Angeles."
Hansen runs Valiant Capital Management in San Francisco.
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…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...