Thursday, 2 April 2015
Last updated 10 hours ago
Jul 2 2009 | 3:51am ET
Two mansions owned by a young hedge fund trader were raided by the Federal Bureau of Investigation yesterday as part of an unidentified investigation.
The two homes, in the Buffalo, N.Y., suburb of Hamburg, are owned by Phantom One Holdings, a Cleveland hedge fund run by Michael Wilson.
The search warrant was sealed, so it is unclear what exactly the FBI is probing. But the 21-year-old hedge fund trader, who bought the properties for $6.3 million last year—the highest price ever paid for homes in Erie County, N.Y., at the time—reportedly lives in one of the homes, and members of his family in the other.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…