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Hedge Fund Manager Buys NHL Team

Sep 29, 2013
Jing Chen

Former hedge fund manager Vincent Viola is the new owner of the National Hockey League’s Florida Panthers.

ESPN reported that Viola’s ownership of the professional hockey team was announced in a lavish ceremony on Friday. Viola, the co-founder of New York-based hedge fund firm Actius Capital Management, reportedly spent $250 million for the team and the operating rights to the BB&T Center, the arena where the Panthers play its home games.

Viola’s acquisition of the Panthers began just last month when he asked NHL commissioner Gary Bettman to have lunch.

Currently the CEO of high-frequency trading firm Virtu Financial, Viola joins hedge fund managers Jeffrey Vinik and Joshua Harris in owning a hockey team.

 

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