Category Archives: Activist Funds
Hedge Fund Giants Join Up To Raise $6 Million For Charity
New York (HedgeCo.Net) – Hedge fund sponsored event, Robin Hood, yesterday concluded its 2nd annual Investors Conference, raising $6 million to support hundreds of the most effective job-training programs, schools, soup kitchens, shelters and other poverty-fighting programs throughout New York […]
AIMA Launches OTC Guidelines for Hedge Funds
New York (HedgeCo.Net) – The Alternative Investment Management Association (AIMA), the global hedge fund industry association, has launched OTC derivatives clearing guidelines for asset managers. AIMA’s Guide to Sound Practices for OTC Derivatives Clearing provides guidance on the new regulatory […]
Republican Hedge Fund Manager Backs Gay Marriage
New York (HedgeCo.Net) – Paul Singer, the founder and CEO of hedge fund Elliott Management, presented awards to Ted Olson and David Boies, the two lawyers that won the Claifornia Supreme Court case challenging Proposition 8. “The building block of every community is […]
Hedge Fund Founder Says Income Inequality “A Big Issue”
New York (HedgeCo.Net) – In his annual State of the Union address, President Obama said that, “inequality has deepened” and “economic mobility has stalled.” Obama also promised to tackle economic inequality “with or without Congress.” “Today, after four years of economic growth, corporate profits […]
Vulture Hedge Funds Fight Over Europe’s Debt
New York (HedgeCo.Net) – Marathon Asset Management, the New York-based $11 billion hedge fund is reported to be starting a hedge fund to focus on European distressed debt. “The $530 million fund was opened on Jan. 15 and will start […]
Activist Hedge Fund Wants Changes At Juniper
New York (HedgeCo.Net) – Tech company Juniper Networks saw its stock rise nearly 10% yesterday when Paul Singer’s hedge fund, Elliot Management, sent the board of directors suggestions on how to boost their share price and increase profits. The $23 billion hedge fund holds 6.2% […]
Activist Hedge Funds Fight For Media Company Management
New York (HedgeCo.Net) – Minnesota-based entertainment company ValueVision Media has rejected proposals by $1.5 billion activist hedge fund Clinton Group to hold a shareholder meeting in order to elect a new CEO and board of directors. The Clinton Group then joined […]
Loeb’s Activist Hedge Fund Acquires 5.7% Stake in Sotheby’s
New York (HedgeCo.net) – A new filing with the SEC shows that Daniel Loeb’s $14 billion hedge fund Third Point LLC spent over $156 million on the acquisition of a 5.7% stake in Sotheby’s. The well known activist hedge fund Third […]
“Vulture” Hedge Funds Getting Ready to Swoop On Detroit
New York (HedgeCo.Net) – Some major hedge funds are focusing on Detroit, looking for ways to profit from the city’s distressed debt, according to an article from the Detroit Free press. Vulture fund is a term commonly used to refer to a private […]
Hedge Funds Add New Antitrust Claim Against Porsche
New York (HedgeCo.Net) – A group of hedge funds led by Elliott International and Perry Partners are going up against Porsche, suing them for 1.81 billion euros (approximately $2.4 billion). “After other investors lost two similar claims at a German […]
