Lifestyle & Philanthropy People Moves

Valiant founder Chris Hansen in deal to buy NBA's Kings


The Seattle Super Sonics are coming back with the help of a hedge funder.

  Chris Hansen

The National Basketball Association is coming back to Seattle thanks to a native son made good in hedge fund land.

A group of investors led by Valiant Capital Management founder Chris Hansen is in a deal to buy the Sacramento Kings from the Maloof family for $525 million, according to the Associated Press and other media reports.

Hansen grew up in Seattle and now manages long/short equity firm Valiant in San Francisco, which runs $2.5 billion in hedge fund assets, according to the latest Absolute Return