Hedge Fund Manager Eyes Islanders

Apr 25 2014 | 9:47am ET

Another hedge fund manager could be poised to join a select group of his colleagues as owner of a sports franchise.

Merion Investment Management’s Andrew Barroway is among the suitors for the New York Islanders, the struggling National Hockey League franchise on Long Island.

Islanders owner Charles Wang has reportedly not decided whether or not to sell the team. But NHL Commissioner Gary Bettman said the Computer Associates founder is “listening to the expressions of interest he’s getting.”

Barroway previously sought to buy the New Jersey Devils and is viewed favorably by the NHL—in spite of a decade-old legal spat with Wang.

The Islanders won four straight Stanley Cups in the early 1980s but have not won a playoff series since 1993. The team currently plays in the second-oldest and second-smallest arena in the league, although it is set to move to Brooklyn in 2015.


In Depth

Q&A: Portfolio Advisors' Brian Murphy On The Advantages of A Private Markets Platform

Jan 2 2018 | 11:05am ET

Most private markets firms reference their platforms as a source of competitive...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Steinbrugge: The Top Hedge Fund Industry Trends for 2018

Jan 2 2018 | 12:22pm ET

Each year, Don Steinbrugge’s Agecroft Partners compiles the insights gained...

 

FINalternatives Trending

From the current issue of