Saturday, 30 August 2014
Last updated 1 day ago
Apr 29 2013 | 3:10pm ET
Pershing Square Capital Management's William Ackman is staking J.C. Penney's future on its real-estate.
Ackman is currently weighing a $1.75 billion loan commitment from Goldman Sachs, secured by a "significant" portion of its real-estate. The five-year loan would have an interest rate of about 6.5%, despite J.C. Penney's junk rating.
Barclays Capital is expected to make a competing offer next week, giving Ackman and Penney their choice of financing, the New York Post reports.
Pershing Square is Penney's largest shareholder. Last week, George Soros became the retailer's fourth-largest shareholder.
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…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...