Saturday, 20 September 2014
Last updated 17 hours 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.
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…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.