By Ilan Shavit On Wednesday, January 4th, 2017

Blackstone to Buy Music-Rights Company Sesac

Blackstone Group, which is lead by Stephen Schwarzman, has entered into an agreement to acquire the only U.S music rights organization SESAC Holdings from Rizvi Traverse Management. Although financial terms More...

Omega's Leon Cooperman Sees 3% Growth In U.S. Economy In 2011
By Albert Hecht On Wednesday, December 7th, 2016

Leon Cooperman Now More Likely to Face Insider Trading Charges

Leon Cooperman is more likely than ever now to see the inside of a courtroom over alleged insider trading. This is because of Tuesday’s Supreme Court decision in an unrelated case. The Omega Advisors CEO was More...

BILL ACKMAN screen shot
By Lily Bethlehem On Wednesday, November 30th, 2016

Bill Ackman’s Pershing Square Capital Management May Lose Millions Over Campaign Donation.

  Bill Ackman‘s Pershing Square Capital Management might need to return millions in fees due to a lousy $500 donation to a political campaign. The donation was made by an employee to a family friend’s More...

Paul Singer getty
By Gil Tanenbaum On Wednesday, November 30th, 2016

Paul Singer’s Elliot Management Invests $1.4 Billion in Cognizant Technology

Paul Singer has invested $1.4 billion in Cognizant Technology. His Elliot Management Hedge Fund now has a 4 percent stake in the company. Cognizant Technology’s shares jumped 7 percent after Paul Singer made More...

L-R Carlyle Group co-founder and CEO David Rubenstein,   Blackstone Group lead by Stephen Schwarzman and KKR & Co. Lead by Kravis
By News Brief On Thursday, November 10th, 2016

Blackstone, KKR Said to Ready Bid Financing for Valeants iNova

  Blackstone Group (lead by Stephen Schwarzman), KKR & Co. (Kohlberg Kravis Roberts) and Carlyle Group (David Rubenstein) are in talks with banks for financing to back their bids for Valeant Pharmaceutical More...

Carl Icahn Screen shot - fortune.com-2016 - 05 -10 -carl-icahn-crash-stock
By Gil Tanenbaum On Sunday, November 6th, 2016

Carl Icahn Increases Herbalife Position — Buys $100 Million in Shares

Carl Icahn is betting big on Herbalife. He increased his position in the diet aid company by $100 million shares this week. The billionaire increased his stake in Herbalife from 20.8% to 23.1% with the purchase More...

L-R Mikhail Fridman,    German Khan  - Getty
By Alan Gallindoss On Tuesday, August 30th, 2016

Mikhail Fridman, German Khan Invest $50 Million in Wireless Internet Mobile Service Provider Startup

  LetterOne (L1), the investment fund owned by Russian billionaires Mikhail Fridman and his business partner German Khan,  today announces a strategic partnership with startup FreedomPop, the disruptive More...

Bill Ackman facebook
By News Brief On Friday, August 12th, 2016

The Herbalife Saga Is ‘Far From Over’

The Herbalife saga is “far from over, ” according to Ted Braun, the director of “Betting On Zero” — a documentary that chronicles hedge fund manager Bill Ackman’s billion-dollar wager against the multilevel More...

BILL ACKMAN screen shot
By Ilan Shavit On Friday, July 15th, 2016

Bill Ackman Releases 18th Video Crusade Against Herbalife After $1Billion Hit

  Bill Ackman’s Pershing Square continues his almost four years crusade against Herbalife. The hedge funed released its 18th video on Thursday warning investors about the alleged the company is a More...

Wallis Annenberg Center For The Performing Arts Inaugural Gala Presented By Salvatore Ferragamo - Inside
By Niva Goldberg On Thursday, June 16th, 2016
1 Comment

Junk-Bond King Michael Milken’s Family Office Opens New Hedge Fund

    Michael Milken’s money at his family office, Silver Rock Financial LLC, have decided to start a hedge fund, the Wall Street Journal reported, Citing people familiar with the issue and securities More...


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