Wednesday, 23 July 2014
Last updated 4 hours ago
Feb 14 2008 | 1:11am ET
Edward Lampert’s faith in auto retailer AutoNation Inc. has been rewarded so far this year, and he’s betting that’s just a sign of things to come.
Lampert’s hedge fund, ESL Investments, bought another $20 million worth of AutoNation shares earlier this week, taking its stake up to almost 33%. ESL revealed its new investment in a filing with the Securities and Exchange Commission yesterday.
Shares in Fort Lauderdale, Fla.-based AutoNation are up more than 25% since the middle of January.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…