Tuesday, 2 September 2014
Last updated 10 hours ago
Jan 7 2013 | 9:55am ET
Citadel Investment Group founder Kenneth Griffin is celebrating his second straight year of returns in excess of 20% by spending nearly $80 million on a sunny retreat.
Griffin has bought two oceanfront properties in Palm Beach, Fla., for a combined $79.6 million. The purchases were made through an affiliate company, PBH LLC. PBH's address is a Miami condominium owned by Griffin.
The two lots, on a cul-de-sac called Blossom Way on the barrier island, combine to make a roughly 4.2 acre estate on the Atlantic. Only one of the two lots has a home on it, a 28-year-old five-bedroom, 14,354-square-foot home on the northern lot.
Griffin paid $37.95 million for that property and $41.65 million for the vacant lot. The former had previously sold in 2000 for $13 million, and the latter two years ago for $29.15 million.
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…
The twin debacles of MF Global and PFG have damaged the reputation of the futures industry demanding an examination of customer protection rules. New rules are being implemented, which will add cost a...