Saturday, 30 August 2014
Last updated 1 day ago
Jun 26 2012 | 11:54am ET
William Ackman's hunger for the Whopper apparently knows no bounds.
Ackman's Pershing Square Capital Management has boosted its stake in Burger King Worldwide, which it helped bring back to the New York Stock Exchange just last week. Pershing Square now owns 12% of the fast-food chain.
Burger King returned to the public markets through a merger with Ackman's blank-check company, Justice Holdings. Pershing Square paid $1.4 million to finance the deal with private equity firm 3G Capital, which took BK private two years ago and which still owns some 70% of the company.
After the deal, Pershing Square held an 11% stake in Burger King.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...