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38-545: Huber Heights is a city in Montgomery and Miami Counties in the U.S. state of Ohio . It is a suburb of Dayton . The population was 43,439 at the 2020 census . This was a 14% increase since the 2010 census, making it the largest growth in Montgomery County in the last decade. Hubert Heights' origins trace back to the now- defunct Wayne Township, which was settled in the early to mid-1800s. Wayne Township

76-436: A female householder with no husband present, 38.4% were non-families, and 32.2% of all households were made up of individuals. The average household size was 2.33, and the average family size was 2.94. The median age was 39.2 years. The median income for a household in the county was $ 43,965, and the median income for a family was $ 56,559. Males had a median income of $ 45,680 versus $ 34,991 for females. The per capita income for

114-481: A female householder with no husband present, and 35.90% were non-families. 30.40% of all households were made up of individuals, and 10.10% had someone living alone who was 65 years of age or older. The average household size was 2.37, and the average family size was 2.96. In the county, the population was spread out, with 24.70% under the age of 18, 9.70% from 18 to 24, 29.00% from 25 to 44, 22.90% from 45 to 64, and 13.70% who were 65 years of age or older. The median age

152-455: A male householder with no wife present, and 28.3% were not families. About 22.8% of all households were made up of individuals, and 8.1% had someone living alone who was 65 or older. The average household size was 2.58, and the average family size was 3.01. The median age in the city was 37.4 years; The age distribution was 25.4% under 18; 8.2% from 18 to 24, 26.3% from 25 to 44, 27.2% from 45 to 64; and 12.9% were 65 or older. The gender makeup of

190-531: A strong influence in designing any of the deals that in effect it took over the role of collateral manager". Particularly, the regulator spent more than a year examining whether Magnetar Capital had any influence over asset selection of a $ 1.5 billion CDO created by Merrill Lynch called Norma CDO I, but the SEC took no action against the firm. In 2010, Intesa Sanpaolo named Magnetar Capital, and others, in its lawsuit against Credit Agricole, alleging fraud related to

228-466: A total area of 464 square miles (1,200 km ), of which 462 square miles (1,200 km ) is land and 2.8 square miles (7.3 km ) (0.6%) is water. As of the census of 2000, there were 559,062 people, 229,229 households, and 146,935 families living in the county. The population density was 1,211 people per square mile (468 people/km ). There were 248,443 housing units at an average density of 538 per square mile (208/km ). The racial makeup of

266-567: Is in the southwestern part of the U.S. state of Ohio . At the 2020 census , the population was 537,309, making it the fifth-most populous county in Ohio. The county seat is Dayton . The county was named in honor of Richard Montgomery , an American Revolutionary War general, who was killed in 1775 while attempting to capture Quebec City , Canada . Montgomery County is part of the Dayton, Ohio, Metropolitan Statistical Area . The county has

304-968: The Huber Heights City School District , which includes five elementary schools, one middle schools, and Wayne High School . Those residents living in the Miami County portion of Huber Heights are served by the Bethel Local Schools District . Huber Heights has a new public library, a branch of the Dayton Metro Library . Public transit in the city is provided by the Greater Dayton Regional Transit Authority . Huber Heights has two sister cities , as designated by Sister Cities International : Montgomery County, Ohio Montgomery County

342-606: The ProPublica series include: Magnetar Capital tried to influence CDO managers to buy riskier bonds to increase the likelihood of those CDOs failing; CDOs that Magnetar Capital invested in "defaulted" at a much higher rate than similar CDOs; and the CDO market would have "cooled off" in late 2005 had Magnetar Capital not entered the market, resulting in a less severe financial crisis. ProPublica did note that in its view, while Magnetar Capital's CDOs might have prolonged and exacerbated

380-479: The U.S. Securities and Exchange Commission into several deals in which Magnetar Capital invested, no enforcement action was taken against the firm. Magnetar Capital was founded in 2005 by Alec Litowitz (formerly of Citadel LLC ) and Ross Laser (formerly of Glenwood Capital Partners). Based in Evanston, Illinois , the firm started with $ 1.8 billion in capital, making it one of the largest hedge-fund launches at

418-402: The poverty line , including 15.60% of those under age 18 and 8.20% of those age 65 or over. As of the 2010 census , there were 535,153 people, 223,943 households, and 138,060 families living in the county. The population density was 1,159.5 inhabitants per square mile (447.7/km ). There were 254,775 housing units at an average density of 552.0 per square mile (213.1/km ). The racial makeup of

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456-643: The world economy , or for a portion thereof". Following the financial crisis, the firm pivoted into quantitative trading and exploring new investments, including films, commercial jets, and real estate. In January 2013, the firm became the largest homeowner in Huber Heights, Ohio , by buying a portfolio of almost 2,000 rental homes from the family of the town's original developer. It rents these homes as part of its investment strategy. Magnetar Capital also invests in European real estate. The firm entered

494-583: The CDO Pyxis ABS CDO 2006-1. The suit alleged that a Credit Agricole unit concealed Magnetar's role in the collateralized debt obligation. The case was dismissed, as the court ruled Intesa failed to file the suit in a timely manner. In 2010, Magnetar Capital's directors, among others, won the Ig Nobel Prize in economics for "creating and promoting new ways to invest money—ways that maximize financial gain and minimize financial risk for

532-468: The UK's solar production. The firm sold its UK solar portfolio to Rockfire Capital in 2018. New York City-based Blackstone Group 's hedge fund unit, Blackstone Alternative Asset Management, through its Strategic Capital Holdings Fund, bought a minority stake of Magnetar in 2015. Financials of the deal were not disclosed; Magnetar said the deal would help it expand, and management remained in place following

570-528: The city was $ 20,951. About 4.2% of families and 5.9% of the population were below the poverty line , including 6.6% of those under age 18 and 5.6% of those age 65 or over. Huber Heights' location near the intersection of I-70 and I-75 has long made it an attractive hub for the trucking industry. With two exits on I-70, many popular chain restaurants exist near the exits. Also, various strip malls are in Huber Heights. Marian Shopping Center, located near

608-511: The city was 48.3% male and 51.7% female. As of the census of 2000, 38,212 people, 14,392 households, and 10,779 families were residing in the city. The population density was 1,817.2/sq mi (701.6/km). The 14,938 housing units had an average density of 710.4/sq mi (274.3/km). The racial makeup of the city was 84.88% White, 9.78% African American, 0.28% Native American, 2.18% Asian, 0.64% from other races, and 2.25% from two or more races. Hispanic or Latino residents of any race were 1.66% of

646-415: The city was 79.6% White, 13.0% African American, 0.3% Native American, 2.5% Asian, 0.1% Pacific Islander, 1.0% from other races, and 3.5% from two or more races. Hispanic or Latino residents of any race were 3.1% of the population. Of the 14,720 households, 35.8% had children under 18 living with them, 51.5% were married couples living together, 14.9% had a female householder with no husband present, 5.3% had

684-688: The city was located in Greene County, but it was detached from the city in 2013. According to the United States Census Bureau , the city has a total area of 22.37 square miles (57.94 km), of which about 61 acres (25 ha) are covered by water. As of the census of 2010, 38,101 people, 14,720 households, and 10,552 families resided in the city. The population density was 1,710.9 inhabitants per square mile (660.6/km). The 15,875 housing units had an average density of 712.8 per square mile (275.2/km). The racial makeup of

722-460: The city, the age distribution was 27.4% under 18, 8.6% from 18 to 24, 31.1% from 25 to 44, 23.7% from 45 to 64, and 9.3% who were 65 or older. The median age was 34 years. For every 100 females, there were 95.0 males. For every 100 females 18 and over, there were 91.8 males. The median income for a household in the city was $ 49,073, and for a family was $ 53,579. Males had a median income of $ 40,099 versus $ 28,723 for females. The per capita income for

760-901: The county in 2016. The last Democrat to win the county by double digits was Lyndon B. Johnson in 1964, while the last Republican to do so was George H. W. Bush in 1988. The following public school districts are located partially or entirely in Montgomery County: There is also a public independent (not a part of any school district) STEM school: The following private high schools are located in Montgomery County: 39°45′N 84°17′W  /  39.75°N 84.29°W  / 39.75; -84.29 Magnetar Capital The company has additional offices in New York City, London, Houston , and Minneapolis . In 2006–2007, Magnetar Capital "facilitated

798-486: The county was $ 24,828. About 11.7% of families and 15.7% of the population were below the poverty line , including 22.7% of those under age 18 and 8.7% of those aged 65 or over. Montgomery County has been a slightly Democratic-leaning swing county since the Civil War. After voting consistently Democratic in presidential elections from 1992 to 2012, Republican Donald Trump narrowly defeated Democrat Hillary Clinton in

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836-469: The county was 73.9% white, 20.9% black or African American, 1.7% Asian, 0.2% American Indian, 0.8% from other races, and 2.4% from two or more races. Those of Hispanic or Latino origin made up 2.3% of the population. In terms of ancestry, 24.9% were German , 12.8% were Irish , 9.7% were American , and 8.8% were English . Of the 223,943 households, 29.7% had children under the age of 18 living with them, 41.6% were married couples living together, 15.3% had

874-421: The county was 76.57% White , 19.86% Black or African American , 0.23% Native American , 1.31% Asian , 0.04% Pacific Islander , 0.49% from other races , and 1.51% from two or more races. 1.27% of the population were Hispanic or Latino of any race. There were 229,229 households, out of which 29.60% had children under the age of 18 living with them, 46.30% were married couples living together, 13.80% had

912-609: The creation of a few of the worst-performing collateralized debt obligations", many named after stars or constellations. While the CDOs Magnetar Capital helped create led to losses on Wall Street, the company profited as a result of its hedged investment strategy; Magnetar Capital had protected itself against losses on CDOs by purchasing credit default swaps. As of 2010, 23 of the CDOs in which Magnetar Capital invested had become "nearly worthless". Despite investigations by

950-465: The equity and then hedge that by shorting the mezzanine layers". In 2010, the Securities and Exchange Commission filed a complaint against JP Morgan Chase for a deal in 2007 that involved securities picked by Magnetar Capital. JP Morgan settled the lawsuit for $ 153.6 million in 2011. Separately, in 2012, The Wall Street Journal reported that the government sought to see if Magnetar "had such

988-401: The family of the original developer. It rents these homes as part of its overall investment strategy. About one in every 11 homes in the city is owned by the firm. According to the city's 2017 Comprehensive Annual Financial Report, the top employers in the city are: Two public school districts serve Huber Heights. Residents living in the Montgomery County portion of Huber Heights are served by

1026-476: The film financing business in 2013, when it provided most of the funding for a $ 400 million co-financing deal that provided 20th Century Fox with money to fund a slate of films over a five-year period. In 2014, Magnetar Capital introduced two new energy funds, Magnetar Solar Holdings and Magnetar Solar Opportunities Fund. Magnetar Solar (UK) owned 25 solar farms with about 300 megawatts of generation capacity. In 2016, Magnetar Capital owned about 344 megawatts of

1064-426: The financial crisis, the firm did not cause the crisis or the housing bubble. Janet Tavakoli , a financial-industry consultant, wrote in her 2008 book, Structured Finance and Collateralized Debt Obligations , that Magnetar Capital's Constellation CDOs "seemed designed to fail". Contrary to the allegations, Magnetar Capital maintains that it did not control asset selection for the CDOs in which it invested and that

1102-478: The firm did not place an overall bet against the housing market. The firm said its investments were market neutral and would have made money whether the housing market went up or down. According to the Financial Times , "Magnetar argues that it was not shorting the subprime market, but was arbitraging between different layers of CDOs, taking advantage of the fact that it could get a yield of 20 per cent on

1140-496: The former to be underpriced relative to the latter. By establishing this arbitrage , Magnetar could profit from this relative mispricing regardless of how the overall housing market changed. When the market collapsed in 2007, Magnetar lost money on the riskiest slices it bought, but made much more from the hedges because of the relative mispricing that it had anticipated. According to mortgage analysts, Magnetar Capital would have benefitted from its Magnetar trade regardless of whether

1178-556: The housing market via an asset-backed securities index (ABX). CDO investments are divided into risk-based tranches: The highest-risk slices offer the highest yield, whereas the safer pieces have lower yields. With what some observers have referred to as the "Magnetar trade," Magnetar Capital took long positions in the highest risk slices of synthetic CDOs and hedged those positions by placing short bets on safer slices called mezzanine tranches via credit default swaps (which act similarly to an insurance policy) because Magnetar considered

Huber Heights, Ohio - Misplaced Pages Continue

1216-485: The intersection of Brandt Pike and Fishburg Road, is slated for redevelopment, which the city purchased for $ 2.8 million. The city chamber of commerce notes these large businesses as operating within the city: ABF Freight System, Inc. Apache Technologies, Dayton Freight, NDC Technologies, AIDA/DTC, Bowser Morner, Coca-Cola, Enginetics, Fukuvi USA, Hughes-Peters, Metokote, and Trimble Navigation. In January 2013, Magnetar Capital bought 1,900 properties in Huber Heights from

1254-412: The population. Of the 14,392 households, 36.9% had children under 18 living with them, 58.7% were married couples living together, 12.0% had a female householder with no husband present, and 25.1% were nont amilies. About 20.5% of all households were made up of individuals, and 5.9% had someone living alone who was 65 or older. The average household size was 2.64, and the average family size was 3.05. In

1292-400: The subprime market collapsed. ProPublica ' s coverage of the CDO industry, which won a Pulitzer Prize in 2011, made a number of allegations regarding Magnetar Capital's CDO investments, including that Magnetar Capital's trades in the CDO market helped worsen the financial crisis by helping to structure CDOs the company was planning to short (bet against). Other claims made by

1330-492: The time. Early on, Magnetar Capital's multistrategy fund invested in event-driven investments and the firm doubled in size to nearly $ 4 billion by the end of 2006. The firm launched into other areas, among them private investments in public equity, reinsurance, and traditional asset management, but turned its focus to fixed income. In 2005, Magnetar began investing in the North American energy sector. Magnetar Capital

1368-415: Was 36 years. For every 100 females, there were 92.30 males. For every 100 females age 18 and over, there were 88.60 males. The median income for a household in the county was $ 40,156, and the median income for a family was $ 50,071. Males had a median income of $ 38,710 versus $ 27,297 for females. The per capita income for the county was $ 21,743. About 8.30% of families and 11.30% of the population were below

1406-431: Was actively involved in the CDO markets during the 2006–2007 period, when it invested in the equity of about $ 30 billion worth of them. Partner David Snyderman told Derivatives Week at the time that Magnetar Capital was "excited about the opportunities in the mortgage derivatives market". As a proposed means to hedge CDO investments, Goldman Sachs sent Magnetar Capital marketing information regarding "short bets" against

1444-489: Was incorporated as the City of Huber Heights on January 23, 1981. The city is named for Charles Huber, the developer who constructed a number of the houses that later constituted the city. Suburban development began in the area in 1956. Huber Heights continued to grow by annexing parcels in Miami County. Most of Huber Heights is in Montgomery County, while the city has more recently annexed land in Miami County. One small parcel of

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