Balyasny Names Abu Dhabi Investment Authority’s Tarek Rizk as Mena Head in Dubai Push (Financial News)
Balyasny Asset Management has hired the Abu Dhabi Investment Authority’s Tarek Rizk as head of the Mena region as it builds out its Dubai office. Rizk will oversee Balyasny’s newly established operations in Dubai, and will lead the expansion of the firm’s presence across the Middle East, according to a memo obtained by Financial News.
Citadel’s Ken Griffin Is Building a Real Estate Empire in Florida and Beyond (The Messenger)
Hedge fund billionaire Ken Griffin’s pandemic real estate buying spree has yet to end. Last year, the $51 billion Citadel announced it would relocate its headquarters from Chicago to Miami. Griffin’s personal investment followed. By September, it was reported that Citadel CEO Griffin owns at least $1.3 billion of residential and commercial real estate in South Florida alone. Griffin added to his portfolio recently, with a $83 million, 50,000-square-foot office building at 125 Worth Avenue. Next door, 151 Worth Avenue is also owned by an entity tied to Citadel. Both properties were bought by Griffin, not Citadel.
Activist Investor Plots to Break Up Restaurant Group Behind Wagamama (Telegraph.co.uk)
An activist investor is plotting to break up the hospitality group behind Wagamama as pressure grows on the company. TMR Capital is considering a swoop for two of the four divisions at The Restaurant Group. The British Virgin Islands-based investor is eyeing a bid for the company’s Brunning & Price pub division and its casual dining chains, which include Frankie & Benny’s and Chiquito, The Telegraph can reveal. The two divisions operate more than 100 sites across the UK.
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UBS Agrees to Pay $388 Million Over Credit Suisse’s Archegos Failings (Reuters)
UBS (UBSG.S) has been ordered to pay $388 million to British and U.S. regulators over Credit Suisse’s dealings with private investment firm Archegos Capital Management, the Swiss bank said on Monday. The settlement is the first of several that UBS could have to pay after it last month closed its takeover of Credit Suisse, inheriting the collapsed bank’s legal battles. Under the agreement, UBS said Credit Suisse, now a subsidiary of the bank, has agreed to pay the U.S. Federal Reserve $269 million.
Angelo Gordon Bolsters Structured Credit Team to Capture Growing Opportunity Set (Businesswire)
Angelo, Gordon & Co., L.P. (“Angelo Gordon” or the “Firm”), a $73* billion alternative investment firm focused on credit and real estate investing, today announced a number of senior personnel moves to bolster the Firm’s structured credit business. The promotion of several experienced team members and the hiring of an additional industry veteran, each of whom will help lead activities across specific asset classes and functions, serves to better align the group’s deep expertise with the market opportunities in this space.
