Wednesday, 22 October 2014
Last updated 7 hours ago
Nov 1 2013 | 1:28pm ET
A Blackstone Group real-estate investment trust raised $825 million in its initial public offering this week.
Brixmoor Property Group's haul was the largest REIT IPO in 20 years. Blackstone did not sell any of its shares in the shopping-mall owner, and continued to own 73% of the REIT.
The Brixmoor is Blackstone's first REIT.
The huge sale adds to what has already been the biggest year for REIT IPOs in 10 years, and marks what could be a string of huge real-estate business deals for Blackstone. The private-equity giant is set to list hotel chains Extended Stay America and Hilton Worldwide Holdings this year, and next year may hold IPOs for its U.S. warehouse and single-family home-rental businesses.
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…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...