Thursday, 2 October 2014
Last updated 57 min ago
Feb 4 2008 | 8:49am ET
Hedge fund GSO Capital Partners has agreed to pay $21 million to cancel its proposed acquisition of a packaged ice-maker. But the split settlement is not an indication that its interest in Reddy Ice Holdings has cooled.
The $1.1 billion deal between GSO and Reddy Ice fell apart after Morgan Stanley indicated that it might not be able to provide GSO with $700 million in credit. Under the settlement, GSO affiliates will pay Reddy Ice $21 million in cash, with Reddy Ice covering $4 million of GSO’s fees and expenses.
Reddy Ice CEO William Brick said his company will “continue to explore transactions with GSO and to review other alternatives.” He added that Reddy Ice and GSO had attempted to come up with a new plan after Morgan Stanley pulled out, but were unable to do so.
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 McKitish of Peddie School's 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…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...