On Friday, U.S. hedge fund Farallon Capital Management stated it has asked Toshiba Corp to convene an Extraordinary General Meeting (EGM) over its investment strategy. This is the second such call for an EGM in a week by major Toshiba… Read More ›
hedge fund
Daniel Kamensky, Marble Ridge Capital LP’s founder, charged with fraud over Neiman Marcus’ bankruptcy
In a statement, the U.S. Department of Justice said, it has charged Daniel Kamensky, New York-based hedge fund Marble Ridge Capital LP’s founder, with pressuring a rival not to bid for assets related to Neiman Marcus’ bankruptcy so that he… Read More ›
Citadel and Citadel Securities expand footprint in Asia-Pacific, opens new offices in Singapore, Shanghai and Sydney
On Monday, in a statement, Citadel, a Chicago-based hedge fund and Citadel Securities, which provides trading services to asset managers, banks, broker-dealers and hedge funds, said, it will open a new office in Singapore. Both businesses, which have offices across… Read More ›
U.S. hedge fund Third Point LLC sells 100% of ADRs in Sony: SEC filings
According to regulatory filings, U.S. hedge fund Third Point LLC has sold all American Depositary Receipts (ADRs) that it holds in the Japanese company. In recent months it had been pushing Sony Corp to increase return of stakeholders, including spinning-off… Read More ›
Harley Davidson faces proxy fight with hedge fund Impala Asset Management
With Impala Asset Management saying it will try and place two directors at Harley-Davidson Inc, America’s oldest and best-known motorcycle maker is facing a battle with one of its investors. Impala Asset Management, run by Robert Bishop, which owns 1.9… Read More ›
New York-area based banks gear up coronavirus preparations
Financial firms in New York City are already testing work-from-home capabilities, implementing travel restrictions and canceling or modifying upcoming events even as China’s coronavirus, which landed on the finance capital’s doorstep, showed little signs of abating. Grand Central Station headquartered… Read More ›
Franklin Templeton’s K2 Advisors expands its footprint in Europe
Franklin Templeton has launched a new fund range in Luxembourg which provides local investors access to U.S. based fund managers. In a significant development, asset manager Franklin Templeton disclosed, following the launch of a new fund range in Luxembourg, it… Read More ›
Blackstone to sink in $150 million in Aaron Wertentheil’s hedge fund
The move underscores the strong confidence Blackstone has on Aaron Wertentheil. Competition for Blackstone’s seed funding is always fierce although critics say, the performance record of the seeder can be uneven no matter how thorough the due diligence. According to… Read More ›
French drinks group Pernod Ricard needs to be more ambitious: Elliot Management
Elliot is pushing Pernod Ricard to boost its margin and growth potential and come on par with its British rival Diageo; it also wants better corporate governance from the group. Despite stating that French drinks group Pernod Ricard’s results were… Read More ›
Elliott Management and Veritas Capital acquire Athenahealth for $5.5 billion
Athenahealth’s subscription-based cloud service tracks the revenues of hospitals, physicians and patients. According to sources familiar with the matter at hand, activist hedge fund Elliott Management and private equity firm Veritas Capital have agreed to acquire Athenahealth Inc, a U.S…. Read More ›
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