Bill and Hillary Clinton dined with industrialist Len Blavatnik and hedge-fund manager Richard Perry. Goldman Sachs Group Inc. President Gary Cohn left his seat with Anchorage Capital Group LLC’s Kevin Ulrich to visit at their table.
Barneys New York has been taken over by Perry Capital in a debt-for-equity swap that reduces the luxury retailer’s borrowings by $540 million, allowing the chain to invest more in its rebounding business.
Hedge funds Perry Capital LLC and Solus Alternative Asset Management LP are fighting over whether they had a contract when they agreed to trade $195 million of claims on Bernard Madoff’s bankrupt firm, amid rising prices on the claims.
Perry Capital LLC asked a judge to dismiss a lawsuit by Solus Alternative Asset Management LP in which Perry is accused of making a “willful breach” of obligations to sell an interest in $195 million of claims on Bernard L. Madoff’s estate.
CommonWealth REIT’s largest investors, Corvex Management LP and Related Cos., are seeking to remove its board after unsuccessfully challenging a stock offering by the real estate investment trust earlier this month.
Perry Capital LLC was sued by Solus Alternative Asset Management LP over allegations the hedge fund firm made a “willful breach of its obligations” to sell its share of $195 million in claims in Bernard Madoff’s estate.