Monday, 30 November 2015
Last updated 34 min ago
Jun 4 2008 | 11:27am ET
One hedge fund is looking to take advantage of plummeting property values in the U.S., specifically California.
Three Arch Investors is reportedly planning a hedge fund to buy land in California, where the price of homes have fallen by about 20%, and that of land by about 80%, according to Financial News. The firm plans to raise as much as $250 million for its California Distressed Land Fund, managed by David Michelson.
The firm has already begun buying tracts of developable land in the state.
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…