Thursday, 18 December 2014
Last updated 16 hours ago
Jan 23 2008 | 8:21am ET
A hedge fund known for investing in airlines is hoping to take flight with discount carrier AirTran Airways.
Boston-based PAR Capital yesterday disclosed a 5.1% passive stake in Orlando, Fla.-based parent company AirTran Holdings. The hedge fund said it bought some 4.7 million AirTran shares in a 13G filing with the Securities and Exchange Commission, indicating that it does not intend to throw its newfound weight around.
PAR at one time was the largest shareholder of US Airways. Ed Shapiro, a PAR vice president, remains on the company’s board of directors.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.