Friday, 27 March 2015
Last updated 1 hour ago
Apr 17 2013 | 11:48am ET
Third Point's Daniel Loeb has an impressive new yacht—a bargain for about $50 million.
Loeb paid between $50 million and $52 million for April Fool, a 200-foot yacht considered among the best ever built by legendary Dutch shipyard Feadship, CNBC reports. The seller was former Citigroup CEO Sandy Weill.
Weill put the seven-year old yacht on the market two years ago, seeking $69.5 million. The price fell to $59.6 million last year.
"Dan got a very fair price," a source told CNBC. "It's not a steal. But it's a great buy."
Loeb is reportedly already enjoying that great buy in the Bahamas. The April Fool features a large master stateroom, a fourth-level sun deck with jacuzzi, a sauna and an outdoor dining lounge.
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…