N.J. Could Restrict Hedge Funds That Invest In Casinos

Dec 10 2012 | 5:35am ET

Hedge funds and private equity firms betting on New Jersey casinos could be barred from betting on its political players.

Garden State lawmakers last week introduced bills that would bar alternative investment firms that invest in Atlantic City casinos from making state political contributions. Strict limits could also be placed on how much state pension funds could invest in funds with A.C. investments.

The moves come after it emerged that New Jersey had invested some $200 million in a hedge fund that invests in a new Atlantic City casino.


In Depth

Fundraising for Mid-Sized PE Funds: Should You Use a Registered B/D?

Dec 6 2016 | 7:18pm ET

When does a fund sponsor need to use a registered broker/dealer when raising capital...

Lifestyle

Trump Attends 'Villains and Heroes' Costume Party Dressed As...Himself

Dec 5 2016 | 11:16pm ET

U.S. President-elect Donald Trump attended a "Villains and Heroes" costume party...

Guest Contributor

Nowhere to Hide: Why the Future of Asset Management Depends on Innovation

Nov 15 2016 | 6:55pm ET

Information technology has reshaped the asset management industry’s periphery,...

 

From the current issue of

Since the inception of Modern Trader, a core editorial theme has centered on the wisdom and power of crowds. Editorial emphasis has focused on companies and projects engaged in the collection and analysis of information. 

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR