Gamma’s bet on 3 Sutton Place was backed by UK hedge fund

BlueCrest Capital Management, once one of Europe’s largest hedge funds with $37 billion in assets under management at its peak, was the real money behind Richard and Jonathan Kalikow’s $147 million bet at 3 Sutton Place, according to one of its former executives. Headed by English financier Michael Platt, BlueCrest contributed more than $100 million […]

Company linked to Beninati files for bankruptcy in Connecticut

A new bankruptcy filing logged in Connecticut may provide a window into just how cash-strapped embattled developer Joseph Beninati has truly become. A Connecticut entity linked to Beninati and his wife Rhonda Beninati has filed for Chapter 11 bankruptcy protection, citing liabilities between $500,000 and $1 million, according to the filing. The entity, Persistence Partners […]