Hedge fund management

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 - 7:29 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 Nov. 2, 2018 photo, a sign in the window at Sears promises that "This isn't goodbye," at the Livingston Mall in Livingston, N.J. Sears is closing 80 more stores as it teeters on the brink of liquidation. The 130-year old retailer set a deadline of Friday, Dec. 28, 2018 for bids for its remaining stores to avert closing down completely. (AP Photo/Ted Shaffrey)
December 29, 2018 - 1:03 am
NEW YORK (AP) — Sears Chairman Eddie Lampert's hedge fund said it submitted a last-minute bid Friday valued at $4.4 billion to keep the struggling retailer from being liquidated. Transform Holdco LLC, an affiliate of the ESL Investments hedge fund that Lampert heads, said it hoped to keep 425...
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July 09, 2018 - 5:45 pm
CHARLOTTE, N.C. (AP) — The Carolina Panthers announced the sale of the franchise to David Tepper has closed. Tepper becomes only the second owner in team history. He started work on Monday. Tepper, the founder and president of global hedge fund Appaloosa Management, L.P., bought the team from...
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David Tepper smiles as he speaks to the media during a news conference where he was introduced as the new owner of the Carolina Panthers at the NFL owners spring meeting Tuesday, May 22, 2018, in Atlanta. (AP Photo/John Bazemore)
May 22, 2018 - 3:42 pm
ATLANTA (AP) — The new owner of the Carolina Panthers is committed to keeping the team in the Carolinas. And Charlotte is his clearly his first choice. But David Tepper left a bit of wiggle room on his first day as owner of the team. The NFL unanimously approved Tepper's $2.2 billion purchase of...
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FILE - In this May 10, 2016, file photo, billionaire hedge fund manager David Tepper, addresses a gathering during a grand opening of rock star and philanthropist Jon Bon Jovi's Jon Bon Jovi Soul Foundation Soul Kitchen and B.E.A.T. Center, which stands for Bringing Everyone All Together, in Toms River, N.J. People familiar with the situation say Tepper has agreed to buy the Carolina Panthers from team founder Jerry Richardson for a record $2.2 billion. The people spoke to The Associated Press on Tuesday, May 15, 2018, on condition of anonymity because the team has not yet announced the sale. The purchase is subject to a vote at the NFL owners meeting next week in Atlanta. (AP Photo/Mel Evans, File)
May 15, 2018 - 2:55 pm
CHARLOTTE, N.C. (AP) — The Carolina Panthers are being sold for an NFL-record $2.2 billion. Hedge fund manager David Tepper has agreed to buy the Panthers from team founder Jerry Richardson, two people familiar with the situation said Tuesday. The people spoke to The Associated Press on condition...
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From left, Telecom's Roberto Capone, Tim CEO Amos Genish, Tim Vice President Franco Bernabe' and Tim's Notary Carlo Marchetti sit prior to the start of the Tim's shareholders meeting, in Rozzano, near Milan, Italy, Friday, May 4, 2018. Telecom Italia shareholders are to decide whether the activist hedge fund Elliott Management has the power to revamp the board against the controlling stakeholder, French entertainment group Vivendi. (AP Photo/Antonio Calanni)
May 04, 2018 - 7:22 am
ROZZANO, Italy (AP) — Telecom Italia shareholders vote Friday whether the activist hedge fund Elliott Management has the power to revamp the board against the controlling stakeholder, French entertainment group Vivendi, in a dramatic showdown that will determine the future of the former Italian...
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FILE - In this Friday, Feb. 23, 2018, file photo, Donald Trump Jr, the eldest son of U.S. President Donald Trump, speaks at a Global Business Summit in New Delhi. Trump Jr. and Texas hedge fund manager Gentry Beach have long claimed they’re just friends, but records obtained by The Associated Press show the president’s eldest son and the Republican donor have a previously undisclosed business relationship. (AP Photo/Manish Swarup, File)
March 12, 2018 - 11:57 am
NEW YORK (AP) — Donald Trump Jr. has a previously undisclosed business relationship with a longtime hunting buddy who helped raise millions of dollars for his father's 2016 presidential campaign and has had special access to top government officials since the election, records obtained by The...
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FILE - In this Aug. 15, 2017 file photo, former pharmaceutical CEO Martin Shkreli speaks during an interview by Maria Bartiromo during her "Mornings with Maria Bartiromo" program on the Fox Business Network, in New York. Shkreli became notorious for raising the price of a life-saving drug by 5,000 percent and trolling critics on the internet with his snarky "Pharma Bro" persona. A federal judge in Brooklyn will have to weigh the conflicting portrayals of Shkreli on Friday, March 9, 2018, at his sentencing on a securities fraud conviction. (AP Photo/Richard Drew, File)
March 09, 2018 - 2:48 pm
NEW YORK (AP) — The Latest on the sentencing of "Pharma Bro" Martin Shkreli (all times local): 2:45 p.m. The attorney for convicted fraudster Martin Shkreli (SHKREL'-ee) says his client is doing "fine" after he was sentenced to seven years in prison. Ben Brafman had asked the judge for a sentence...
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August 22, 2017 - 11:49 pm
NEWBURY, N.H. (AP) — The new operator of a popular ski resort in New Hampshire faced off against concerned residents, some of whom fear the company's past legal troubles raise doubts about whether it was the right choice to oversee the facility. New York hedge fund manager Och-Ziff Capital...
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FILE - In this April 27, 2015, file photo, Senate Democratic Conference Leader Andrea Stewart-Cousins, D-Yonkers, speaks during a news conference in Albany, N.Y. Billionaire hedge fund executive Daniel Loeb has apologized for an online post saying Stewart-Cousins has done "more damage to people of color than anyone who has ever donned a hood." "I regret the language I used in expressing my passion for educational choice," Loeb said in his statement about the post, emailed to The Associated Press on Friday, Aug. 11, 2017. (AP Photo/Mike Groll, File)
August 11, 2017 - 1:48 pm
ALBANY, N.Y. (AP) — A billionaire hedge fund manager has apologized for an online post saying that a black New York state senator has "done more damage to people of color than anyone who has ever donned a hood" because of her support for teachers unions. Daniel Loeb issued a statement saying he...
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