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The University of Texas Investment Management Company (UTIMCO) has gold bullion stored in New York, worth $647 million. [20] According to Lois Kolkhorst, HSBC Bank in New York City charges Texas a fee to store each individual bar of gold. [21] HB 483 does not require UTIMCO to move the $647 million in precious metals back to Texas.
Platinum Equity, LLC is an American private equity investment firm founded by Tom Gores in 1995, headquartered in Beverly Hills, California. The firm focuses on leveraged buyout investments of established companies in the U.S., Europe and Asia.
Tom Gores (born Tewfiq Georgious, [2] Arabic: توفيق جورجيوس; July 31, 1964) [3] is an American billionaire businessman. He is the founder of Platinum Equity, a private equity firm headquartered in Beverly Hills, California.
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Platinum is traded in the spot market with the code "XPT". When settled in United States dollars, the code is "XPTUSD". As the cost of platinum per ounce fell, the cost per ounce for other metals in the platinum group - especially palladium - rose strongly. As of November 2022, palladium sits at around US$1900 per ounce, compared to US$980 for ...
In 1994, Platinum Asset Management was founded by Kerr Neilson and several others with the financial backing of George Soros. [7] It was founded as a specialist company in international equities. The success of the company was attributed to the ability to transcend short-term market investment and focus on long-term returns.
Mark (Meir) Nordlicht (born 1968) is the founder and former chief investment officer of (now defunct) Platinum Partners, a U.S. based hedge fund, which came to be known for its investment strategies becoming the subject of a series of controversial and legal actions.
Higginbotham is an independent insurance brokerage firm founded in 1948 that provides businesses and individuals with insurance, financial services, risk management and employee benefit services.