Tuesday, 2 September 2014
Last updated 6 hours ago
Dec 17 2007 | 7:22am ET
A hedge fund manager is digging deep to buy a substantial chunk of southern Colorado.
Moore Capital Management’s Louis Bacon, who last week fired an underperforming trading group he picked up from Amaranth Advisors last year, has bought the Forbes family’s massive ranch for $175 million, the Aspen Daily News reports.
The property in Fort Garland—roughly 100 miles southwest of Colorado Springs—is the largest privately-deeded ranch in the state at more than 250 square miles.
Trinchera Ranch has been in the Forbes family for almost 40 years, and boasts three peaks in excess of 14,000 feet and one of Colorado’s largest elk herds. Since patriarch Malcolm Forbes died 17 years ago, the family has used it as a hunting lodge and executive retreat.
Bacon reportedly plans to use the home as a seasonal retreat.
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 ...