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.
Genna GarverBy Genna Garver, John Brunjes, and Cheri Hoff of Bracewell & Giuliani -- On Oct. 27 the Private Fund Investment Advisers Registration Act of 2009 (H.R. 3818) moved one step closer to becoming law with the 67-1 approval of the U.S. House of Representatives Committee on Financial Services (the "Bill"). More...
Investors this week announced the formation of NewWorld Capital Group, a private equity firm that will invest in middle-market companies and related infrastructure projects in the cleantech sphere. More...