Sunday, 29 November 2015
Last updated 1 day ago
Jul 16 2012 | 10:45am ET
Hedge fund manager Chris Hansen attacked a Seattle City Council report attacking his own plans to build an arena in his hometown.
Hansen, who runs Valiant Capital Management in San Francisco, in February announced that he would build a $500 million arena in Seattle's SoDo neighborhood, hoping to attract a National Basketball Association—or National Hockey League—franchise. In addition, the city would contribute some $200 million using tax revenues the building generates.
But the City Council warns that the plan might violate a city law that requires Seattle receive fair value for its investment.
"They jumbled up the numbers," Hansen said of the Council analysis.
"They aren't putting in any equity," he continued. "That's the difference. If [the city and King County] were putting in $100 million in equity in addition to the bonds, it would be a different story, but they're not."
Hansen said he was not frustrated with the discussions, but warned that further delay could lead to missed opportunities.
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…