Saturday, 28 March 2015
Last updated 23 hours ago
Aug 15 2007 | 7:39am ET
ESL Investments, reportedly buffeted by losses, hiked up its stake in Citigroup earlier this year.
The hedge fund, run by Edward Lampert, boosted its Citi holdings to 24.8 million shares during the second quarter, a 63% increase from the 15.2 million in the first quarter. At the same time, ESL, which holds only a handful of names at a time, sold its Clear Channel Communications shares and cut its stake in Motorola.
ESL, like many hedge funds, is having a rough 2007, and if it finishes the year down, it would be only the third time in its two decades in business.
Citi shares are hovering near their 12-month low. In addition, ESL holdings Sears and AutoNation are down year-to-date.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…