Tue, Sep 29, 2020
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. Investing: Tech stocks aren't in a bubble, but investors should be pickier, Credit Suisse says, Pandora tops world's best-performing market as hedge funds exit, What Bill Ackman is investing in now[more]

    Tech stocks aren't in a bubble, but investors should be pickier, Credit Suisse says From Business Insider: Credit Suisse on Thursday trimmed its overweight rating for tech stocks, recommending investors be more selective with their sector picks. Crowding in tech giants and the stocks&#

  2. Investing: Third Point buys stakes in Facebook, Alibaba in Q2, exits Sony, Allergan, Here's what investors with $3.4tn are buying during covid, An energy trader seeks profit from batteries in European markets, Hedge fund ARCM to sell $200m of Premier Oil debt[more]

    Third Point buys stakes in Facebook, Alibaba in Q2, exits Sony, Allergan Third Point LLC acquired new stakes in Facebook Inc. and Chinese e-commerce companies Alibaba Group Holding Ltd. and JD.com Inc. during the second quarter of 2020 as it divested positions in Sony Corp. and drugmaker

  3. PE/VC: Investors have bet big that you can get private equity returns in the public markets. A new study says otherwise, Aberdeen's Bonaccord teams up with CAZ to buy stakes in private markets managers, The role of private equity in economic recovery from Covid-19[more]

    Investors have bet big that you can get private equity returns in the public markets. A new study says otherwise From Institutional Investor: New research suggests private-equity-owned firms respond differently to financial distress - and that the resulting performance "cannot be replicat

  4. Opalesque TV: Meet a Swiss fund manager who hedges with a difference[more]

    B. G., Opalesque Geneva: There is a quant manager in Zurich that does things a little differently, which has helped a lot so far this year. ICON Asset Management, which was mentioned in the

  5. Franklin Templeton creates new unit with QS Investors[more]

    Laxman Pai, Opalesque Asia: Franklin Templeton will combine recently acquired QS Investors, a Legg Mason subsidiary, with Franklin Templeton Multiasset Solutions (FTMAS) business into a single consolidated unit. Effective Oct. 1, the combined business, called Franklin Templeton Investment Sol