Wednesday, 1 October 2014
Last updated 12 hours ago
Jun 26 2013 | 11:07am ET
The Carlyle Group's David Rubenstein has added to his collection of historic documents, paying a record price for a copy of a newspaper.
But what a newspaper: It is the July 6, 1776, edition of the Pennsylvania Evening Post, with the U.S. Declaration of Independence printed on the cover, two days after its adoption.
Rubenstein paid $632,500 at auction yesterday for the prize, one of only 19 copies known to exist. "It looks like it did in 1776," Seth Kaller, who represented the seller, told Reuters. "No fading and very little toning to the paper."
As with the rest of his collection of key documents in the history of freedom, Rubenstein intends to lend the newspaper to an institution for public viewing. Other documents he's put on permanent loan include a 1297 copy of the Magna Carta and a copy of the Emancipation Proclamation signed by Abraham Lincoln.
"He purchases these and then is putting them on permanent loan at important institutions so that more people can see them," Christopher Ullman, a spokesman for Carlyle, said. "When he dies, he'll make them permanent."
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...