Tuesday, 2 September 2014
Last updated 3 hours ago
Jan 18 2008 | 8:41am ET
Pershing Square Capital Management owns almost a fifth of bookseller Borders Group. And now, it has a seat on its board.
Ann Arbor, Mich.-based Borders named Richard McGuire, a Pershing Square partner, to its board of directors yesterday.
New York-based Pershing Square, run by William Ackman, owns 18% of Borders, although it has a 24% economic exposure to the company. It manages about $6 billion in assets, and has owned stakes in (and pushed for change at) such companies as McDonald’s Corp. and Target Corp.
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 ...