Monday, 1 September 2014
Last updated 3 days ago
Sep 12 2013 | 10:20am ET
SAC Capital Management has continued to post impressive returns, even in the face of criminal insider-trading charges. But at least one big investment is unlikely to do as well.
The Stamford, Conn.-based hedge fund is one of 28 host sponsors of February's Super Bowl in East Rutherford, N.J. SAC paid at least $1 million to join that committee, membership in which gives it all sorts of perks and privileges it could have used to impress clients.
At the time SAC signed the deal, in 2011, it could turn clients away. By kickoff, however, it may well have no clients left to wine and dine, and may be fighting for its own survival at trial.
"The remain a host sponsor and we expect no changes in our relationship," host committee spokeswoman Alice McGillion told the New York Post. The status gives SAC "the right to promote their support of our efforts in the local marketplace."
While the committee says it expects no changes, the Post writes that it might yet try to distance itself from SAC.
"Having SAC as a sponsor… would be the equivalent of having the Super Bowl be in Houston, Texas, and Enron being a sponsor," Mike Paul, of public relations firm MGP and Associates, told the Post.
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 ...