Tuesday, 1 December 2015
Last updated 4 hours ago
May 1 2008 | 2:00am ET
Alternative investments giant Cerberus Capital Management will not invest in controversial security firm Blackwater Worldwide, it said yesterday.
Cerberus had been in talks to invest $200 million in Blackwater, with its auditors reportedly looking at Blackwater’s books since the beginning of the year. But ABC News says that the talks have broken down, with a Cerberus spokesman saying the firm had decided not to pursue a deal with Blackwater.
Blackwater has hundreds of millions in contracts with the U.S. government for providing security in Iraq. The firm has been the subject of intense controversy over its practices in that war-torn country, as well as alleged arms trafficking and overbilling.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…