Friday, 27 March 2015
Last updated 32 min ago
Jun 13 2014 | 10:05am ET
Mark Spitznagel’s goats have gone to the slaughter.
The Universa Investments founder last week brought 18 baby goats to graze on vacant, publicly-owned lots in one of Detroit’s hardest-hit neighborhoods. The adorable lawnmowers were there both to combat blight and promote urban farming—and were to be sold to butchers after the summer, with the proceeds going to benefit the Brightmoor neighborhood.
The only problem was that Spitznagel’s Idyll Farms Detroit project hadn’t gotten permission from the city, which quickly ordered the goats off of public land.
Spitznagel appealed the decision, but couldn’t convince Detroit to let the goats stay. The animals were then sold to butchers.
The hedge fund chief appears undeterred, promising to go through official channels to bring the goats back.
“The Brightmoor community believes in urban agriculture as a viable solution and they have the entrepreneurial energy that will survive ineffective bureaucratic rules,” he said.
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…