Latest Hedge fund management News

AP source: Ownership committee approves Mets sale to Cohen

Oct. 20, 2020 5:10 PM EDT

ARLINGTON, Texas (AP) — The proposed purchase of 95% of the New York Mets by an entity of billionaire hedge fund manager Steve Cohen has been approved by Major League Baseball’s ownership committee, and final approval is likely to take place in the next month. Approval by the committee was disclosed...

FILE - In this Sept. 9, 2020, file photo, Citi Field is viewed at dusk before a baseball game between the New York Mets and the Baltimore Orioles in New York. Billionaire hedge fund manager Steve Cohen has agreed to purchase the Mets from the Wilpon family. The team announced the agreement on Monday, Sept. 14, 2020. The deal is subject to the approval of Major League Baseball owners. (AP Photo/Kathy Willens, File)

Billionaire hedge fund manager Cohen agrees to buy Mets

Sep. 15, 2020 11:44 AM EDT

NEW YORK (AP) — Billionaire hedge fund manager Steve Cohen has agreed to buy the New York Mets from the Wilpon and Katz families. The team announced the agreement on Monday. The deal is subject to the approval of Major League Baseball owners. A Cohen entity would control 95% of the team, with the Wilpon...

Hedge fund founder arrested in Neiman Marcus-linked case

Sep. 3, 2020 3:44 PM EDT

NEW YORK (AP) — A hedge fund founder was arrested Thursday on charges that he defrauded creditors of the luxury department store chain Neiman Marcus by pressuring an investment bank not to bid against his hedge fund in buying securities from the creditors. Marble Ridge Capital founder Daniel Kamensky, 47,...

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)

A-Rod/J-Lo out of Mets' bidding amid report Cohen set to buy

Aug. 28, 2020 11:11 PM EDT

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...