Tuesday, 23 September 2014
Last updated 7 hours ago
Dec 10 2007 | 8:01am ET
An investor group including a hedge fund chief and private equity banker took control of the National Hockey League’s Nashville Predators Friday, and was greeted by a victory.
Predators Holdings, which includes Joel Dobberpuhl, the founder and CEO of hedge fund Jetstream Capital, and Warren Woo, a founding partner of boutique investment bank and private equity manager Moelis & Co., bought the Predators for $193 million. The NHL approved the deal last Thursday.
“We look forward to contributing to the Predators’ success on and off the ice and solidifying the franchise’s future in Nashville,” Predators Holdings Chairman David Freeman said. In their first game under the new regime, the Predators defeated the Anaheim Ducks 4-2.
The group has negotiated changes to the team’s lease of Nashville’s Sommet Center, which still require city approval.
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 McKitich, CIO of Petty 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…
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…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.