Michael Simpson arrived at Alpine Meadows at Lake Tahoe earlier this month and found little more than dirt. Except for one ski run maintained by machines, the drought-parched California mountain was devoid of snow.
Leslie and Scott Tyree backed out of a contract in 2011 to buy a weekend place in Hilton Head, South Carolina, fearing they’d be anchored to a sinking market for second homes. This year, the West Virginia couple pounced on a listing in the same resort town without visiting the property.
Pantera Capital Management LP, the hedge fund that manages money for Fortress Investment Group LLC executives, invested about $10 million in Bitstamp Ltd. months before the startup emerged as the world’s dominant dollar- Bitcoin exchange, according to three people briefed on the deal.
The head winds grew so intense during the 508-mile race through California’s Mojave Desert and Death Valley that Joshua Friedman told his teammates he thought he would be blown off his bike. Instead of tumbling down, the hedge-fund manager powered through his 86-mile leg of the Furnace Creek 508, showing little fatigue after he dismounted his bike.