Friday, 22 August 2014
Last updated 5 min 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.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note