Hedge Crunch FinancialIn the News
Hedge Fund Succeeds to Make Casino Profitable
Ever since Luxor Capital Group, a New York-based hedge fund, took control of a previously unsuccessful casino in Atlantic City, the casino has been thriving. So says the New Jersey Casino Control Commission, the agency that granted Luxor the final authorization to own a casino. “There’s no doubt this property has turned around in so […]
Hedge Fund Magnate Wants a Bigger Part of the Mets
Steve Cohen, CEO of Point72 Asset Management, is in negotiations with the current owner of the major league baseball team, the New York Mets, to increase his stake in the ball club. The Mets are currently owned by Sterling Partners. “The Sterling Partners and Steve Cohen are negotiating an agreement in which Steve Cohen would […]
New Fund Launched by Former Bulgari SpA Head and Two Partners
Francesco Trapani, former CEO of the upscale Italian Jeweler Bulgari SpA, with Marco Taricco and Giuseppe Bivona, is launching the Bluebell Active Equity Fund on November 11. The fund will open with about 50 million euros ($55.7 million) under management. Taricco and Bovona founded Bluebell Partners together in London, while Trapani ran Bulgari for almost […]
Cryptocurrencies Gain Following Among Americans
According to a recent survey conducted by Finder, the number of Americans who own cryptocurrencies went up by 81% from 2018 to 2019. That translates to ownership in cryptocurrency by about 36.5 million Americans. In 2018 almost 8% of US citizens were owners of cryptocurrencies, but that number increased to 14.4% in 2019. The survey […]
Hedge Fund Moving into Manhattan’s Newest and Chicest Office Building: Solar Carve Tower
The Solar Carve Tower, located at 40 10th Avenue along the High Line and overlooking the Hudson River, is filling its floors with tenants. One of its newest will be RTW Investments, a hedge fund investment firm with a focus on health care. RTW is no located not too far away, at 412 West 15th […]
Hedge Fund Homeowners Downsizing Away from their Connecticut Mansions
Prices of luxury mansions continue to plummet as the number of sprawling homes floods the market in the well-known hedge fund haven of Greenwich, Connecticut. The size homes that successfully sold decreased for a third time, bringing the median price of single-family homes down by 17% during the first quarter of 2019m from the previous […]
Jen Lai Picks Another Sleeper Stock After Big Win
Jen Lai seems to know what to look for when it comes to stock picks. If the past is a harbinger of the future, then we can expect Jen Lai’s next pick to cash in. Over the past two years Lai had her money on GDS Holdings, a data center operator based in Beijing. The […]
New Study Shows Women and Hedge Funds Still Don’t Mix
According to a new report released by Preqin, women make up less than 20% of the hedge fund industry’s work force, a number that has barely changed since November 2017. Women are even rarer in the upper echelons of the $3.2 trillion sector, composing a mere 11% of the senior execs. In November 2017 Preqin […]
Pair of Brexit Supporters Say Brexit Won’t Happen
Hedge fund manager Crispin Odey and billionaire Peter Hargreaves, the second biggest supporter of the campaign to for Britain to leave the European Union in 2016, both say that Brexit will never happen. Head of Odey Management, Odey, says his pessimism about Brexit is propelling him to position his assets in such a way that […]