Griffin Makes His Biggest Miami Gift Yet to Pediatric Hospital (Bloomberg)
Citadel founder donates $25 million to Nicklaus Children’s Hospital for a new wing to house operating rooms and family spaces. Ken Griffin is giving $25 million to a Miami hospital that specializes in pediatric care, his single largest gift to a nonprofit in his newly adopted state of Florida. The funds will help the Nicklaus Children’s Hospital complete a new building with high-tech operating rooms and spaces for family, the hospital said Tuesday in a statement. The 127,000-square-foot (11,800-square-meter) wing is expected to open in 2024 as the Kenneth C. Griffin Surgical Tower.
Why Green Plains Is Soaring Today (The Motley Fool)
What happened: Shares of Green Plains (GPRE 13.06%) are surging higher in morning trading Tuesday after hedge fund Ancora Partners sent a letter to the board of the ethanol producer urging the company to explore a sale of the business. The stock was running 11.6% higher at 10:58 a.m. ET. The $34-per-share price it hit is still well below the $50 per share Ancora believes Green Plains can receive. So what: Ancora said Green Plains’ plan to transition from ethanol production to a sustainable biorefinery platform is actually a worthwhile strategy because there is significant long-term potential in the move.
Crystal Capital Partners Says Diversification Was Key In Volatile 2022 (FA-MAg.com)
Investors who had a broad diversification of strategies available to them for 2022 “slept well at night” despite the market volatility, according to Alan Strauss, senior partner and director of investor relations at Crystal Capital Partners. Crystal Capital Partners, a turnkey alternative investment platform for financial advisors, which is based in Miami, saw positive results for the year, while the indexes were all in negative territory, Strauss said in an interview.
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Failed Crypto Hedge Fund Alameda Research Sues Voyager Digital for $446m (Financial News)
The managers steering failed crypto hedge fund Alameda Research through Chapter 11 have sued Voyager Digital for nearly $446m, alleging it received preferential payments while Sam Bankman-Fried’s crypto empire collapsed. In a lawsuit filed on 30 January, Alameda accused Voyager of feeding its customers’ money to risky crypto companies without due diligence, which helped fuel the alleged misuse of customer funds that brought down Alameda and its affiliated crypto exchange, FTX.
Vantage Towers Shares Rise After Elliott Takes 5.6% Stake (Investing.com)
Frankfurt-listed shares in Vantage Towers AG (ETR:VTWRn) touched a record high on Tuesday after activist hedge fund Elliott Management disclosed that it had taken a 5.61% stake in the Germany-based phone masts business. The news comes after Vodafone Group PLC (LON:VOD) transferred its 82% stake in Vantage last year to a joint venture formed with two infrastructure investment groups – KKR and Global Infrastructure Partners – and backed by Saudi Arabia’s sovereign wealth fund.
