Wednesday, 27 August 2014
Last updated 2 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.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...