Sunday, 23 November 2014
Last updated 1 day ago
Jun 24 2008 | 2:00am ET
An Ospraie Management hedge fund has bought ConAgra Foods’ commodity-trading unit.
The firm’s Special Opportunities Fund will pay about $2.8 billion for the ConAgra Trade Group, which manages grain elevators, rail cars and barges. The price—$2.2 billion in cash and $550 million in debt securities—is 29% higher than the price agreed to in March, due to an increase in the unit’s book value.
The Trade Group is to be renamed Gavilon after the sale is completed.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
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