When Canadian fashion mogul Maurice Benisti's company lent nearly $19 million to a buyer of a new apartment at Extell Development's One57, there was no indication that the deal was doomed. But the entity reportedly linked to Sheri Izadpanah failed to pay back the mortgage by its due date of July 8, 2016, and an LLC tied to Benisti put the four-bedroom unit on the auction block in June 2017 -- marking the first foreclosure [...]
NEW YORK, Jan. 18, 2019 /PRNewswire/ -- WhiteHorse Finance, Inc. ("WhiteHorse Finance" or the "Company") (NASDAQ: WHF) and State Teachers Retirement System of Ohio, a public pension fund established under Ohio law ("STRS Ohio"), today announced that they have entered into an agreement to...
With India becoming attractive for global private equity funding, ICICI Venture Funds Management Company, one of the oldest players, has revamped its strategy.
Over the past week, New York City saw plenty of eye-catching residential deals. Take Shaun Donovan and Liza Gilbert: the former HUD secretary and his landscape-designer wife picked up a carriage house in Brooklyn for $2.3 million. And one hedge fund co-founder passed on his Lenox Hill coop to another hedge funder -- for $9.5 million. But those weren't the only transactions this week. Here's are some other notable sales from around the city. Source: [...]
Adam Neumann, CEO of the recently rebranded We Company, is facing more blowback for leasing he has ownership interest in to WeWork. Billionaire real estate investor Sam Zell said WeWork's size gives them "public responsibilities, including governance," in an interview with Bloomberg television Thursday. The Equity Group Investments founder was referring to reports that The We Company's CEO Adam Neumann is still personally buying buildings that are leased to the company's co-working arm, WeWork, first ... [more]
Aflac Inc. is an American insurance company founded in 1955. The company is the biggest provider of supplemental insurance in the United States. Aflac also has major operations in Japan. In December 2018, Japan Post Holdings (JPHLF) signaled it was spending US$ 2.64 billion for a 7-8 % stake in Aflac. The goal is that, [...]
Hedge funds suffered their worst quarterly outflows in two years when investors pulled $23 billion from the industry during the last three months of 2018, new data released on Friday show.
The online retailer of plus-size women's apparel with a deep history in Indianapolis and nearly half its workers here is attempting to extricate itself from a debt load of $1.3 billion.
Artificial intelligence can make the funding process more manageable and effective for early-stage investors and provide entrepreneurs with insights when building a new venture. Let's look at how the technology is allowing investors to make smarter investments.
The Cummins UK Pension Plan has launched a fund for defined contribution members wishing to invest their pension in investments that are compliant with sharia law, while experts call for better sharia pensions provision across the UK.