Hints and tips:
...Even some of Citadel’s own investors say they get little information on the group’s trading. But few are complaining....
...Gupta also owns a £19.5m property in Sydney, a £3m estate in Wales, a villa on Dubai’s man-made Palm Jumeirah and the Jahama Highland Estates in Scotland....
...Russian gold producer Petropavlovsk has hired Denis Alexandrov, who resigned from its competitor Highland Gold last week, as its new chief executive. More here....
...As a boy, he would buy Playboy magazines downtown for 50 cents each and sell them on to his school mates in the wealthy suburb of Highland Park at a hefty mark-up....
...Privalia also secured €70m in funding from General Atlantic, Index and Highland in October, which it said at the time would be used for acquisitions....
...In October Privalia Venta Directa, Spain’s largest private online sales club, secured €70m ($95m) in funding from venture capitalists including General Atlantic, Index Ventures and Highland Capital....
...Creditors, including Highland Capital and Anchorage Capital, will end up owning more than 95 per cent of the equity in the group....
...Private online shopping clubs bundle together members looking for the same fashion brands, so allowing them to benefit from a group discount....
...Ms Sprung was previously chief risk officer in the liquid markets business of Fortress Investment Group, where she was also a portfolio manager, and Mr Morgan was head of the hedge fund management group...
...Ken Griffin, founder of Citadel Investment Group, told investors in a letter that September was the worst month in its history and to expect more volatility....
...This week, Highland began trying to sell a portfolio of loans with a nominal value of $640m....
...In 2006, Barrick Gold, the Canadian mining group, took advantage of this loophole in the code to increase its interests in voting rights in Highland Gold to 34 per cent, without having to make a mandatory...
...The latter also syndicated some of its share of the debt to KKR Financial, Highland Capital Management and Davidson Kempner Capital Management....
...As Highland Gold is not currently a company subject to the Takeover Code, investors should be aware that shareholders (including Barrick, and, in due course, Millhouse LLC) are able to increase their interests...
...The same rules allowed Barrick Gold, the Canadian mining group, to increase its interests in voting rights in Highland Gold to 34 per cent last year, without having to make a mandatory offer to other shareholders...
...Highland Capital, the Boston-based venture capital firm, earlier this month said it will open offices in Switzerland and China this summer....
...Highland Capital, the Boston-based venture capital firm, is opening offices in Switzerland and China this summer. HIG has more than $4bn under management....
...The bankruptcy court overseeing Delphi’s reorganisation approved the equity investment plan earlier this month over the objections of hedge fund Highland Capital Management, which offered a rival $4.7 billion...
...The white knight takes the form of Matlin Patterson, a US distressed equity firm behind a group called Volo that bought VarigLog, the airline’s logistics subsidiary, for about $48m six months ago....
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