The 414-foot vessel was the fourth-largest in the world when it was built in 2003. It has gone through an eight-month refit and features 13 cabins two elevators, an eight-person submarine, two helipads and garage space for helicopters and an SUV.
In a memo sent to owners, the league says it’s exploring the potential formation of “a new capital vehicle that could purchase passive, minority ownership interests across multiple NBA teams.”
The wealth-management firm’s new Zurich-based venture, with Switzerland’s Constantia Partners AG, will be called Tiedemann Constantia.
The "hero" of "The Big Short" said index fund inflows are now distorting prices for stocks and bonds in much the same way that CDO purchases did for subprime mortgages more than a decade ago.