Mon, Sep 24, 2018
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Hedge fund manager Roy Niederhoffer promotes New York City Opera in European tour this and next week

Monday, June 22, 2015

amb
Roy Niederhoffer
Benedicte Gravrand, Opalesque Geneva:

The New York City Opera, which is being re-launched at a new venue following bankruptcy, was famously dubbed "The People's Opera" by Mayor Fiorello LaGuardia at its founding in 1943. While it is awaiting final approval from the bankruptcy court to operate as "New York City Opera," it is promoting a real kind of people’s opera with the financial backing of a famous hedge fund manager.

The New York City Opera is the New York world grand opera but on a more intimate scale, says Roy Niederhoffer, who helped rescue the opera and is now acting as the Chairman of NYCO Renaissance. Niederhoffer is an American hedge fund manager and philanthropist, who founded R. G. Niederhoffer Capital Management, Inc., in 1993.

The board agreed in December to sell the New York City Opera name and assets to NYCO Renaissance Ltd., a nonprofit group chaired by Niederhoffer, reported WSJ.com. Niederhoffer applied for court approval in January.

"We’re going to be able to offer a Tosca where you can actually see Tosca," he says on NYCO Renaissance’s website. "I feel that this is probably the greatest opportunity I will have to make a difference philanthropically for the cit......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. The incredible shrinking hedge fund, For hedge fund stars, being right in 2008 proved to be a curse[more]

    The incredible shrinking hedge fund From Bloomberg: You'd be forgiven for thinking the hedge fund industry might be starting to rebound. Industry assets are at a record $3.2 trillion this year, and a brand-new ?rm just brought in an unprecedented $8 billion. But the reality isn't so rosy.

  2. Investing: Fiat Chrysler attracts more investment from hedge fund manager[more]

    From Autonews: Chase Coleman's Tiger Global Management has invested more than $1 billion in Fiat Chrysler Automobiles after more than doubling its position in the automaker since the end of June. The U.S. fund becomes the fourth biggest investor in the Italian American company. Tiger Global inc

  3. SWF: Saudi Arabia's sovereign wealth fund raises $11bn loan with 15 banks[more]

    From Reuters: Saudi Arabia's sovereign wealth has raised an $11 billion loan from a total of 15 banks, the Maaal financial news website reported on Tuesday, citing unnamed sources. A source with direct knowledge of the matter told Reuters last month that the Public Investment Fund (PIF) will p

  4. Hedge fund billionaire spells out America's worst nightmare, Sir Michael Hintze: Response to global financial crisis elevated populism[more]

    Hedge fund billionaire spells out America's worst nightmare From SMH: Billionaire hedge fund manager Ray Dalio effectively spelled out what doomsday looks like for the US on live television. The founder of Bridgewater Associates predicted the US economy is about two years from a downtur

  5. Lehman's carcass has handed huge profits to distressed funds[more]

    From Bloomberg: It was a bold move: buy at Lehman Brothers's darkest hour. But a decade after Lehman's collapse, a handful of hedge funds that bought up the bank's debt for pennies on the dollar have made even more money than seemed possible. More than $124.6 billion has flowed to Lehman credi