Friday, 27 March 2015
Last updated 23 min ago
May 24 2013 | 10:38am ET
Argentine authorities have raided a factory owned by a U.S. billionaire and hedge fund manager battling the country over its 2001 default.
More than 50 agents of Argentina's federal tax agency searched the Buenos Aires factory of Dart Sudamericana, which makes foam drinking cups. Dart co-owner Kenneth Dart's hedge fund, EM Limited, is among the holdouts from the default 12 years ago, seeking US$700 million, the tax agency noted in a statement.
Dart, Elliott Management and other holdouts, along with Argentina, are awaiting a federal appeals court decision on whether the country has to pay the holdouts in full.
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…