Paramount Group has confirmed that it has received an unsolicited, non-binding proposal from Monarch Alternative Capital LP to acquire all of the Company’s outstanding common stock for USD12.00 per share in cash. Paramount Group is a fully-integrated real estate investment
Alpha Whale Fund is about to be the first NFT project to ever run a community crypto hedge fund with the imminent release of 5,000 unique NFTs. The Alpha Whale Fund is more than a traditional NFT because holders will
A hedge fund that is trying to buy newspaper publisher Lee Enterprises has lost a legal battle to prevent the company from using a system that would see two longtime directors reelected at its annual meeting next month.
Bitcoin could be on the verge of a major rally fuelled by moves in the debt market and the Fed’s changing monetary policy, according to a report by CoinTelegraph. The report says that hedge fund Pantera Capital has highlighted Pantera
UMB’s Fund Services and Institutional Custody teams are expanding with the hiring of three industry veterans. Paul Troilo joins Fund Services as global relationship manager, and Tonya Cordray and Melissa Clingan join Institutional Custody as senior manager and manager custody
South Korean sovereign wealth fund Korea Investment Corporation (KIC) is partnering with Seoul Guarantee Insurance Company (SGI) to co-invest in overseas hedge funds, according to a report in the Korea Economic Daily. The agreement will see SGI and Korea’s Tongyang
Alternative credit specialist CIFC Asset Management’s philanthropic programme, the CLO Initiative for Change, has made its second annual donation. In support of educating and empowering students to reach their full potential regardless of financial means, CIFC has partnered with the
The Blackstone Private Credit fund (BCRED) has reported a net return of 12.4 per cent since launch and an 8.5 per cent distribution yield for 2021, according to a report by Barron’s Online. While the S&P 500 was down more
Digital asset prime dealer SFOX has now matched, executed, and cleared the first-ever crypto non-deliverable forward (NDF) contract between B2C2 and an undisclosed financial institution over its multi-dealer network. This milestone for the cryptocurrency market, which cleared on Friday, 4
The Securities and Exchange Commission t(SEC) has charged James Velissaris, the former Chief Investment Officer and founder of Infinity Q Capital Management, with overvaluing assets by more than USD1 billion while pocketing tens of millions of dollars in fees.
