Latest news with #Allen&Company
Yahoo
20-05-2025
- Business
- Yahoo
Anthony Blumberg Plans to Attend Famed Allen & Company Sun Valley Conference in July
NEW YORK, May 20, 2025 (GLOBE NEWSWIRE) -- Global investor, philanthropist, and head of Blumberg Family Office Anthony 'Tony' Blumberg plans to attend The Allen & Company Sun Valley Conference in Idaho, a renowned invitation-only annual gathering of business leaders and media moguls. The 2025 retreat, which draws the ultrawealthy, will take place from Wednesday, July 9, to Sunday, July 13. Commonly known as the summer camp for billionaires, the Sun Valley Conference is where finance, technology, and media industry titans, politicians, venture capitalists, and economists converge each year in Idaho's high country to discuss and shape the future of global business and potentially make deals. A go-to, by invitation only event for global power figures for more than 40 years, the Conference features an array of meetings, lectures, cocktail parties, dinners, and a host of outdoor recreational activities like hiking, rafting, and golf. Boutique investment firm and financial advisor Allen & Company has been hosting the Sun Valley Conference since the early 1980s. Many credit the annual conference as the birthplace not only of numerous billion-dollar business deals but also of many pivotal economic discussions and strategizing that have shaped the direction and future of the global economy. Last year's conference included many high-profile attendees, including OpenAI CEO Sam Altman, Apple CEO Tim Cook, Bloomberg LP Majority Owner Michael Bloomberg, IAC Chair Barry Diller, Amazon founder Jeff Bezos, and more. Oprah Winfrey, Gayle King, Tony Blumberg, Anderson Cooper and Shari Redstone were also among the movers and shakers at the gathering. Top-of-mind discussions included the rise of rapid technological changes like cutting-edge AI developments, the future of entertainment in the streaming age, global business strategies, and ongoing uncertainties worldwide. Guests at the 2024 event are said to possess a cumulative wealth of more than $1 trillion. 'I am excited to return to the Sun Valley Conference,' said Tony Blumberg. 'This gathering is a valuable opportunity to network and connect with others in tech and finance. It's part reunion, part think tank, and part deal room.' Anthony Blumberg oversees his family office investments and global mining interests, where he is responsible for operational, commercial, technology, and strategy functions. His disciplined approach to investment focuses on capital allocation in hard assets, technology, commodities, and risk management, with an emphasis on transformational investment for medium to long-dated cycles. Blumberg also brings a wealth of global business experience, including deep insights into commercial operations, corporate restructuring, corporate finance, and mergers and acquisitions. Tony Blumberg's ability to transform megatrends into growth opportunities is bolstered by his strong grasp of innovation, strategy, technology, and data. CONTACT: Media Contact: Blumberg Family Office 786-629-5518Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
15-05-2025
- Business
- Yahoo
WNBA's Connecticut Sun Hire Allen & Company to Explore Sale
The owners of the WNBA's Connecticut Sun hired investment bank Allen & Company to explore the sale of the franchise, according to multiple people familiar with the details. Mohegan Sun, a subsidiary of Mohegan Tribal Gaming Authority, has owned the club since 2003. The Sun could raise capital through an LP stake sale, but the expectation is a control sale and likely franchise relocation. There are multiple potential built-in buyers via the 10-plus groups who submitted bids during the current WNBA expansion process, which is also being run by Allen. Advertisement More from Allen & Company declined to comment, while the Sun did not immediately respond to request for comment. The move arrives as WNBA franchise values have exploded. The Golden State Warriors and Maple Leaf Sports & Entertainment chairman Larry Tanenbaum were each awarded an expansion franchise for $50 million in 2023 and 2024. The latest round of W expansion is expected to fetch more than $200 million per franchise. The last WNBA control sale was in 2021 when the Atlanta Dream were purchased for between $7 million and $10 million by a group led by real estate investor Larry Gottesdiener. Advertisement As team values soared, the cost of running a WNBA franchise has also jumped. The Phoenix Mercury, Seattle Storm and Las Vegas Aces opened state-of-the-art training facilities. The Los Angeles Sparks, New York Liberty, Chicago Sky and Indiana Fever announced plans to build their own facilities. The recent expansion teams will all have their own practice facilities, and the expectation is that every WNBA team will need a dedicated practice facility within the next three years. Speculation has swirled around whether Mohegan Sun wanted to keep up with the current WNBA arms race, with gaming, concerts and hospitality the primary businesses at the casino resort. The Sun play in the WNBA's smallest media market and host home games in 10,000-seat Mohegan Sun Arena. An LP stake sale could help fund the construction of a new practice facility, a tactic the Storm used for their $64 million buildign. Connecticut's current practice set-up has drawn criticism from Sun players. The Mohegan tribe has priority at the venue, and community events have left Sun with half a court to practice in cases. In 2003, the Native American tribe became the first non-NBA owner in WNBA history when the former Orlando Miracle relocated to the then-new $40 million Mohegan Sun Arena in Uncasville, Conn. The tribe paid $10 million as an expansion fee. Last year, the Sun were valued at $80 million, per Sportico's WNBA valuations, which was tied for ninth in the WNBA. Franchise values have jumped considerably since then. Advertisement Mohegan Tribal Gaming Authority recently faced a potential debt crunch, but last month, it completed a comprehensive refinancing of nearly all its restricted debt. It pushed back $1.5 billion in debt due in 2026 and 2027 to 2030 and 2031. The Sun reached the semifinals of the WNBA playoffs last season, which marked the sixth straight season they made it at least that far, but their entire starting lineup exited via trade or free agency ahead of the 2025 season. Last year, the WNBA had explosive growth for revenue, attendance, sponsorships and viewership. But it now faces a challenge after the players union decided to opt out of the current CBA back in October. The WNBA regular season tips off Friday. Advertisement With assistance from Scott Soshnick Best of Sign up for Sportico's Newsletter. For the latest news, follow us on Facebook, Twitter, and Instagram.
Yahoo
07-05-2025
- Business
- Yahoo
Canadian Pacific Kansas City Limited (CP): Among Richard Chilton's Stock Picks with Huge Upside Potential
We have published an article titled Billionaire Richard Chilton's 10 Stock Picks with Huge Upside Potential. In this article, we are going to take a look at where Canadian Pacific Kansas City Limited (NYSE:CP) stands against Richard Chilton's other stock picks. Richard Chilton is a veteran investor and the founder of Chilton Investment Company, a long-standing and respected name in the world of hedge funds. Known for his disciplined, research-driven investment philosophy, Chilton has built a reputation over the decades for being a thoughtful, value-oriented manager who combines patience with a deep understanding of market fundamentals. He launched Chilton Investment Company in 1992 after gaining experience at major firms like Allen & Company and Alliance Capital. From the beginning, his approach stood out. Instead of chasing fast money or following trends, Chilton focused on long-term opportunities grounded in detailed analysis and risk management. His fund, which started with just $5 million, grew significantly over the years as investors recognized the strength of his strategy and the consistency of his returns. READ ALSO: 10 Most Undervalued Energy Stocks and 15 High-Growth Companies Hedge Funds Are Buying. Chilton's style is often described as "fundamental, bottom-up investing". Essentially, he and his team dig into company financials, industry dynamics, and management quality before making any investment decisions. This focus on quality and sustainability has helped the firm navigate multiple market cycles with relatively steady hands. Chilton is known to favor businesses with strong competitive advantages and predictable cash flows — companies that can weather downturns and continue compounding returns over time. Chilton Investment Company has navigated the complexities of the post-pandemic market landscape with a focus on disciplined investment strategies, delivering solid returns for its clients. Today, Chilton Investment Company remains a respected player in the asset management world, guided by the same principles Richard Chilton laid out over 30 years ago: deep research, long-term thinking, and a strong sense of fiduciary duty. With that context in mind, let's take a look at Richard Chilton's 10 stock picks with huge upside potential according to analysts. Our Methodology For this list, we picked stocks from Chilton Investment Company's 13F portfolio as of the end of the fourth quarter of 2024. We listed them in the ascending order of analysts' average upside potential, as of May 2. These equities are also popular among other hedge funds.
Yahoo
06-05-2025
- Business
- Yahoo
Mettler-Toledo International Inc. (MTD): Among Richard Chilton's Stock Picks with Huge Upside Potential
We have published an article titled Billionaire Richard Chilton's 10 Stock Picks with Huge Upside Potential. In this article, we are going to take a look at where Mettler-Toledo International Inc. (NYSE:MTD) stands against Richard Chilton's other stock picks. Richard Chilton is a veteran investor and the founder of Chilton Investment Company, a long-standing and respected name in the world of hedge funds. Known for his disciplined, research-driven investment philosophy, Chilton has built a reputation over the decades for being a thoughtful, value-oriented manager who combines patience with a deep understanding of market fundamentals. He launched Chilton Investment Company in 1992 after gaining experience at major firms like Allen & Company and Alliance Capital. From the beginning, his approach stood out. Instead of chasing fast money or following trends, Chilton focused on long-term opportunities grounded in detailed analysis and risk management. His fund, which started with just $5 million, grew significantly over the years as investors recognized the strength of his strategy and the consistency of his returns. READ ALSO: 10 Most Undervalued Energy Stocks and 15 High-Growth Companies Hedge Funds Are Buying. Chilton's style is often described as "fundamental, bottom-up investing". Essentially, he and his team dig into company financials, industry dynamics, and management quality before making any investment decisions. This focus on quality and sustainability has helped the firm navigate multiple market cycles with relatively steady hands. Chilton is known to favor businesses with strong competitive advantages and predictable cash flows — companies that can weather downturns and continue compounding returns over time. Chilton Investment Company has navigated the complexities of the post-pandemic market landscape with a focus on disciplined investment strategies, delivering solid returns for its clients. Today, Chilton Investment Company remains a respected player in the asset management world, guided by the same principles Richard Chilton laid out over 30 years ago: deep research, long-term thinking, and a strong sense of fiduciary duty. With that context in mind, let's take a look at Richard Chilton's 10 stock picks with huge upside potential according to analysts. Our Methodology For this list, we picked stocks from Chilton Investment Company's 13F portfolio as of the end of the fourth quarter of 2024. We listed them in the ascending order of analysts' average upside potential, as of May 2. These equities are also popular among other hedge funds.
Associated Press
09-04-2025
- Business
- Associated Press
West Park Advisory Launches: Partnering With Companies to Maximize Value With Wall Street
Three founding partners have decades of experience guiding companies through the full investor engagement lifecycle NEW YORK, NY AND PALO ALTO, CA / ACCESS Newswire / April 9, 2025 / West Park Advisory LLC (WPA), a specialty capital markets firm built on the premise that 'Wall Street is a Credibility Economy,' is launching with a team of seasoned capital markets professionals. The firm is built to enable companies at all stages to better achieve their business and market potential by addressing the key questions investors need answered to underwrite a company's growth potential. Founded by three principals with over 25 years of average experience, the firm offers tailored services to clients navigating ongoing investor engagement as well as critical financial milestones such as IPOs, capital raises, mergers and acquisitions, restructuring, activism and investment thesis development. 'We founded WPA with a focus to help companies articulate their full value to Wall Street. We clarify complex technology and business strategies, to ultimately strengthen relationships with both existing and new investors,' said Liz Lemon, Principal. 'Keith, Tim and I have collaborated for decades as former bankers, investors and corporate finance professionals and are committed to driving our client's success in the capital markets.' 'Wall Street is undergoing a profound transformation, accelerated by the rapid adoption of AI. By understanding the investor mindset and the ways these changes influence volatility and valuation, we serve as an important trusted capital markets partner, helping guide our clients through this evolving landscape,' said Keith Ferguson, Principal. 'Our team has worked with a diverse range of companies, from established Fortune 100 giants to private, fast-growing startups at the beginning of their journey. We are fluent in the language of Wall Street, bringing deep technical expertise in valuation, capital structure, and financial analysis to help companies achieve their strategic goals,' added Tim Daubenspeck, Principal. With a presence in both New York and Palo Alto, West Park Advisory is uniquely positioned to support companies navigating the complexities of today's dynamic market environment. Our Principals Liz Lemon has over 25 years of experience as a senior executive in corporate communications and capital markets banking. As a Managing Director at Allen & Company, she was a leader on numerous large scale IPOs and capital raises, catering to companies from early-stage startups to multibillion-dollar public entities. Prior to Allen & Company, Liz was the internal lead for the IPOs of both Arista Networks and Pure Storage, led R&D communications in the Office of the CTO at VMware, and was the Director of Investor Relations at Cisco Systems. Keith Ferguson is a Wall Street veteran with nearly 30 years of experience as an institutional investor across multiple industries. Most recently, he served as a Founding Partner at TimesSquare Capital Management, a fundamental research-driven investment firm focused on small- and mid-sized growth companies. Previously, Keith held key roles as a Director at Alkeon Capital Management, a technology-focused hedge fund, and as a Vice President at Loomis, Sayles, a prominent institutional investment firm. Tim Daubenspeck has over 25 years of Wall Street experience. He spent the last five years as a Senior Managing Director at Teneo, and a Partner and Head of Brunswick's US Strategic Investor Relations practice. During his 20 year investing career, Tim was a portfolio manager and senior equity analyst at ClearBridge Investments. As Chairman of the ClearBridge Proxy Committee, with over $140 billion in voting power, he negotiated extensively with CEOs and board members to ensure company actions aligned with shareholder interests. Prior to ClearBridge, Tim was a senior sell-side analyst covering technology for Pacific Crest Securities and SG Cowen Securities. For more information about West Park Advisory and its services, please visit or contact us at [email protected].
