Friday, 26 December 2014
Last updated 2 days ago
Feb 19 2013 | 9:28am ET
Blackstone Group President Hamilton James has sold off a chunk of the private equity giant's shares, less than two weeks after a report that he had sought—unsuccessfully—a job at the White House.
A company James owns with his wife and a trust for his children sold 3.5 million shares between Wednesday and Friday, with proceeds of about $64.2 million, according to securities filings.
It's not clear what James' motivation was. Fox Business Network reported earlier this week that James, a top fundraiser for President Barack Obama, had asked to be considered for a job in the administration as it becomes clear that he will not succeed Blackstone CEO Steven Schwarzman. Of course, he could also be taking advantage of a 20% rally in Blackstone's shares this year.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.