China’s Long March Capital Ltd., which partners with Citic Group Corp., is considering buying South African platinum assets after their value was depressed by strikes, the company’s Managing Partner Clement Kwong said.
Aquarius Platinum Ltd., the world’s fourth-largest producer of the metal, said it may idle the Blue Ridge mine and instead expand its Everest operation in South Africa at a cost of about 850 million rand ($125 million).
Hedge funds led by Paulson & Co. and Maverick Capital are piling into mortgage insurers in a bet that some of the companies worst hit by the U.S. housing crash will be among the biggest winners in the rebound.
American International Group Inc. extended its streak of gains to the longest since March as John Griffin’s Blue Ridge Capital LLC and Daniel Loeb’s Third Point LLC disclosed stakes in the bailed-out insurer.
The best mentoring advice Ed Norton ever received was “don’t chase money,” he said last night within earshot of Third Point’s Dan Loeb, T2 Partners’ Whitney Tilson and Blue Ridge Capital’s John Griffin.
Orange County, Virginia, High School students study history and build websites using Apple Inc. laptops, Google Inc. software and a Comcast Corp. broadband connection subsidized by U.S. telephone consumers.