Wednesday, 25 November 2015
Last updated 28 min ago
Mar 13 2012 | 11:20am ET
Steven Cohen's got one fewer person to worry about in his quest to buy a baseball team.
Major League Baseball did not invite Beverly Hills real-estate developer Alan Casden to make a presentation to its commissioner and almost half its owners this week, eliminating him from the Los Angeles Dodgers sweepstakes, the Los Angeles Times reports. That leaves only six groups vying for the team, including one led by SAC's Cohen.
Cohen is widely seen as among three frontrunners for the team.
Cohen and his five remaining competitors got about a half-hour of facetime with Commissioner Bud Selig and baseball's executive council and ownership committee. The latter's chairman, Atlanta Braves Chairman Emeritus Bill Bartholomay, said that "they all made excellent presentations."
The meetings took place in Arizona, where the Dodgers are training for this year's baseball season. Cohen received a tour of the Dodgers' spring facility in Glendale during his visit.
Current Dodgers owner Frank McCourt is set to select his successor by the beginning of next month.
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…