Apartment owners
at Manhattan's 15 Central Park West are
seeking to double their investments after the complex shattered price
records and sparked a wave of ultra-luxury listings.
by
Karen DeMasters
GWG Holdings Inc. is offering investors the chance to partake in the growing and relatively new life insurance settlement market.
Billionaire investors George Soros and John Paulson increased their
stakes in the biggest exchange-traded fund backed by gold as prices
posted the largest quarterly drop since 2008.
Carl Icahn agreed
to allocate as much as $3 billion to a management duo composed of his
son Brett and David Schechter, expanding their role in running the 76-year-old's investments.
Hedge funds trimmed bets on a commodity rally for the first time in nine
weeks amid signs of U.S. growth and speculation that central banks will
do more to stimulate economies.
Billionaire John Paulson posted a 2 percent loss last month in his Advantage Plus
Fund, according to a monthly update to investors obtained by Bloomberg
News.
Hedge funds
including MKP Capital Management LLC posted gains last month as global
stocks rallied after European Central Bank President Mario Draghi
pledged to defend the euro.
An asteroid-mining venture backed by Google executives said it added more billionaire investors and is nearing
a partnership agreement with a "top-10" mining company.
by
Karen DeMasters
Behringer Harvard Holdings LLC and Prospect Capital Management LLC are
launching a joint venture to develop alternative investment programs,
the two firms announced.
Chick-fil-A Inc.,
the Atlanta-based fast-food chain feuding with gay-rights advocates
over its stance on marriage, has served up two hidden billionaires.
Brian Miller, who runs global trading at hedge fund Elliott Management
Corp., is leaving after 21 years
and may eventually start his own fund, according to a letter to
clients.
Facebook Inc.
co-founder and chief executive officer Mark Zuckerberg continued his
fall down the ranks of the world's billionaires as the company's shares
plummeted to a record low.
Hong Kong's largest gold-storage facility, which can hold about 22
percent of the bullion now in Fort Knox, will open in September to meet
rising demand from banks and the wealthy.
Twitter Inc. co-founder Jack Dorsey, 35, has joined the ranks of the world's billionaires.
Billionaire hedge-fund manager John Paulson told clients he sees a 50
percent chance the euro will unravel, said an investor who listened to
the comments.
Huang Nubo, the
Chinese billionaire whose bid to buy Icelandic land was blocked by the
local government last year, said he's secured a deal to lease the
property instead, helping him revive his...
John Paulson, the
billionaire hedge-fund manager seeking to reverse record losses in
2011, is digging himself into a deeper hole with a bet that Europe is
facing a financial crisis.
Andrew Feldstein has emerged as
one of the biggest winners among hedge-fund managers profiting from a
flawed strategy.
by Thomas M. Kostigen
Born to a poor, teenage mother in rural Jamaica, billionaire Michael Lee-Chin considers himself a "statistical improbability."
by Michael S. Fischer
Genter Capital Management offers a fixed-income strategy designed to help clients achieve reduced volatility and stable income.
