Hedge fund management

FILE - In this Dec. 10, 2009 file photo, billionaire hedge fund manager Steve Cohen attends a benefit in New York. Major League Baseball owners voted Friday, Oct. 30, 2020, to approve the sale of the New York Mets to Cohen. The sale from the Wilpon and Katz families values the franchise at between $2.4 billion and $2.45 billion, a record for a baseball team. The sale is likely to close within 10 days. (AP Photo/File)
October 30, 2020 - 11:56 am
NEW YORK (AP) — Major League Baseball owners voted Friday to approve the sale of the New York Mets to billionaire hedge fund manager Steve Cohen. The sale from the Wilpon and Katz families values the franchise at between $2.4 billion and $2.45 billion, a record for a baseball team. The sale is...
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FILE - In this Dec. 13, 2019, file photo, Jennifer Lopez, left, and Alex Rodriguez sit courtside during an NBA basketball game between the Miami Heat and the Los Angeles Lakers in Miami. Rodriguez and Lopez have retained J.P. Morgan to represent them in raising capital for a possible bid for the New York Mets. The move was first reported by Variety and confirmed to The Associated Press by a person familiar with the decision who spoke on condition of anonymity because it was not announced. (AP Photo/Lynne Sladky, File)
August 28, 2020 - 8:10 pm
NEW YORK (AP) — Former major league star Alex Rodriguez and fiancee Jennifer Lopez have backed out of the bidding to purchase the New York Mets amid reports that the Wilpon family is finalizing a deal with billionaire hedge fund manager Steve Cohen. Rodriguez announced Friday night that despite “a...
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July 12, 2020 - 11:28 am
NEW YORK (AP) — Hedge fund Chatham Asset Management said it plans to buy newspaper publisher McClatchy out of bankruptcy, ending 163 years of family control. The hedge fund did not put a price on the deal. The agreement still needs the approval of a bankruptcy judge. McClatchy is one of the largest...
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FILE - This May 22, 2020 photo shows the Federal Reserve building in Washington. The Federal Reserve and four other bank regulatory agencies announced on Thursday, June 25, that they have finalized a rule that will ease restrictions curtailing the ability of banks to make investments in such areas as hedge funds. The announcement of the easing of regulations know as the “Volcker Rule” gave an immediate boost to bank stocks because the rule change could free up billions of dollars in capital in the banking industry.(AP Photo/Patrick Semansky, File)
June 25, 2020 - 10:59 am
WASHINGTON (AP) — The Federal Reserve and four other regulatory agencies announced on Thursday that they have finalized a rule that will ease restrictions curtailing the ability of banks to make investments in such areas as hedge funds. The announcement of the easing of regulations know as the “...
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FILE - This Oct. 14, 2009 file photo, shows copies of the McClatchy Co. owned Miami Herald newspaper in Miami. McClatchy Co., the publisher of the Miami Herald, The Kansas City Star and dozens of other newspapers across the country is filing for bankruptcy protection. McClatchy Co. said Thursday, Feb. 13, 2020, that it will continue to run normally as it pursues approval of its restructuring plan under Chapter 11. (AP Photo/Wilfredo Lee, File)
February 13, 2020 - 12:06 pm
NEW YORK (AP) — McClatchy, the publisher of the Miami Herald, The Kansas City Star and dozens of other newspapers, has filed for bankruptcy protection as it struggles to pay off debt while revenue shrinks because more readers and advertisers are going online. McClatchy said Thursday that its 30...
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Fred Wilpon, principal owner of the New York Mets, waves as he heads to a meeting during MLB baseball owners meetings, Wednesday, Feb. 5, 2020, in Orlando, Fla. (AP Photo/John Raoux)
February 06, 2020 - 5:13 pm
ORLANDO, Fla. (AP) — Baseball Commissioner Rob Manfred says talks have ended over the proposed sale of a controlling share of the New York Mets from the families of Fred Wilpon and Saul Katz to hedge fund manager Steven Cohen. The Mets said Dec. 4 the contemplated deal between Sterling Partners and...
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Mark Carney, Governor of the Bank of England speaks at a Bank of England Financial Stability Report Press Conference, in London, Monday, Dec. 16, 2019. (AP Photo/Kirsty Wigglesworth,pool)
December 19, 2019 - 4:00 am
LONDON (AP) — U.K. authorities began investigating Thursday into how some hedge funds had access to market-sensitive news conferences of the Bank of England via an audio system a few seconds earlier than anyone else, an advantage they could have used to make big profits. Following a report late...
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September 09, 2019 - 6:37 am
NEW YORK (AP) — Activist hedge fund manager Elliott Management is making a new $3.2 billion investment in AT&T and calling for changes at the company such as selling its DirecTV and Mexican wireless operations. The move comes as AT&T readies a streaming service following its $81 billion...
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FILE - In this Aug. 11, 2019, file photo, Democratic presidential candidate and businessman Tom Steyer waits to speak at the Des Moines Register Soapbox during a visit to the Iowa State Fair in Des Moines, Iowa. Tax records released by Steyer show he made well over a billion dollars over the last decade. (AP Photo/Charlie Neibergall, File)
August 29, 2019 - 4:29 pm
WASHINGTON (AP) — Democratic presidential candidate Tom Steyer made well over a billion dollars over the last decade from holdings that not only include the hedge fund he founded, but also investments in Chinese private equity firms, tech startups, pharmaceutical companies and nursing homes, his...
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In this July 1, 2016 photo, Bob McDevitt, left, president of Local 54 of the Unite Here casino workers union, speaks to reporters outside the Trump Taj Mahal casino in Atlantic City N.J. hours after the union went on strike against the casino, which was owned by billionaire investor Carl Icahn. On Wednesday, April 10, 2019, McDevitt's union called on casino regulators in New Jersey, Nevada and Ohio to protect casino workers from hedge fund or private equity firms that own casinos if they seek to quickly extract profits from the properties while hurting workers. (AP Photo/Wayne Parry)
April 10, 2019 - 11:12 am
ATLANTIC CITY, N.J. (AP) — The nation's largest casino workers union is asking gambling regulators to protect employees from neglect by hedge funds or private equity firms seeking short-term returns from casino ownership. Unite Here approached gambling regulators in three states Wednesday, asking...
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