As Steve Cohen Closes In on Mets, Discrimination Claims Cast a Shadow

As M.L.B. owners consider whether to approve Cohen as the new owner of the club, several complaints filed by women at his company loom as potential sticking points.

#baseball, #bonner-lauren, #cohen-steven-a, #discrimination, #hedge-funds, #major-league-baseball, #mergers-acquisitions-and-divestitures, #new-york-mets, #point72-asset-management-lp, #suits-and-litigation-civil, #women-and-girls

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‘The Big Short 2.0’: How Hedge Funds Profited Off the Pain of Malls

As the pandemic accelerated the demise of some brick-and-mortar retailers, a group of investors profited handsomely from their travails.

#coronavirus-2019-ncov, #hedge-funds, #icahn-carl-c, #shopping-and-retail, #shopping-centers-and-malls

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Worried Lenders Pounce on Landlords Unable to Pay Their Loans

Some hedge funds and private equity firms that lent money to property owners are now suing them for falling behind on interest payments.

#banking-and-financial-institutions, #coronavirus-2019-ncov, #credit-and-debt, #foreclosures, #hedge-funds, #kushner-cos, #mark-hotel-manhattan-ny-hotel, #mortgages, #private-equity, #real-estate-commercial, #suits-and-litigation-civil

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A Hedge Fund Bailout Highlights How Regulators Ignored Big Risks

The Dodd-Frank financial law succeeded at making banks safer, but empowered shadowy corners of finance that nearly wrecked the system in March.

#banking-and-financial-institutions, #coronavirus-2019-ncov, #dodd-frank-wall-street-reform-and-consumer-protection-act-2010, #federal-reserve-system, #financial-stability-oversight-council, #government-bonds, #hedge-funds, #mnuchin-steven-t, #prices-fares-fees-and-rates, #regulation-and-deregulation-of-industry, #securities-and-exchange-commission, #stocks-and-bonds, #treasury-department, #united-states-economy, #united-states-politics-and-government

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Hedge Fund Set to Own McClatchy Oversaw Cuts at Canadian Newspapers

Since Chatham Asset Management took over Postmedia, Canada’s largest newspaper chain, 1,600 employees have been laid off and more than 30 papers shut down.

#canada, #chatham-asset-management, #hedge-funds, #layoffs-and-job-reductions, #mcclatchy-company, #media, #melchiorre-anthony-hedge-fund-manager, #mergers-acquisitions-and-divestitures, #national-post, #news-and-news-media, #newspapers, #postmedia-news, #shutdowns-institutional

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Chatham Hedge Fund Has the Winning Bid for McClatchy Newspapers

The family-owned publisher of The Sacramento Bee and The Miami Herald announced the winner of its bankruptcy sale: Chatham Asset Management, the owner of The National Enquirer.

#alden-global-capital, #american-media-inc, #apollo-global-management, #bankruptcies, #chatham-asset-management, #forman-craig-1961, #fortress-investment-group-l-l-c, #hedge-funds, #knight-ridder, #mcclatchy-company, #mcclatchy-kevin-s, #melchiorre-anthony-hedge-fund-manager, #mergers-acquisitions-and-divestitures, #newspapers, #pensions-and-retirement-plans

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Hedge Funds Duel in Bankruptcy Court Over McClatchy Newspapers

Alden Global Capital’s emergency motion challenges the attempt by a likely suitor, Chatham Asset Management, to buy the publisher of The Sacramento Bee and more than two dozen other papers.

#alden-global-capital, #auctions, #bankruptcies, #chatham-asset-management, #hedge-funds, #mcclatchy-company, #medianews-group-inc, #newspapers

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‘He’s Buying Up Brixton’: Beloved Grocer’s Eviction Sparks Gentrification Fight

In south London, people rebelled when a developer, backed by an American hedge fund, tried to evict Nour Cash & Carry.

#brixton-london-england, #gentrification, #hedge-funds, #nour-cashcarry-london-england-retailer, #ottolenghi-yotam, #real-estate-commercial, #shopping-and-retail

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A Trump-Backed Senate Candidate’s Hedge Fund Disaster

Tommy Tuberville, the football coach and leading Republican vying to take on Senator Doug Jones in Alabama, had a tumultuous foray into finance.

#alabama, #auburn-university, #elections-senate, #endorsements, #football-college, #frauds-and-swindling, #hedge-funds, #republican-party, #sessions-jefferson-b-iii, #stroud-john-david, #suits-and-litigation-civil, #trump-donald-j, #tuberville-tommy, #united-states-politics-and-government

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Fed Warns of Financial Risks as Coronavirus Downturn Wears On

The central bank said the financial system “amplified” the shock in March, and warned that vulnerabilities remain heightened.

#banking-and-financial-institutions, #brainard-lael, #coronavirus-2019-ncov, #federal-reserve-system, #hedge-funds, #stocks-and-bonds, #united-states-economy

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Spiraling Virus Fears Are Causing Financial Carnage

A global disease outbreak isn’t the kind of risk that many investors were trained to react to.

#banking-and-financial-institutions, #coronavirus-2019-ncov, #dow-jones-stock-average, #federal-reserve-system, #hedge-funds, #standardpoors-500-stock-index, #stocks-and-bonds, #subprime-mortgage-crisis, #united-states-economy

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