Activist hedge funds, on the whole, do good work, but the best results come from those with the deepest pockets. A new study, looking at the performance of activists, who buy shares and then push companies to change strategy, shows […]

TIME – It’s part of a gradual change in culture on Wall Street that’s encouraging low costs and long-term thinking. It’s like the INVESTMENT world’s version of the race between the tortoise and the hare. And the hare is losing […]

WSJ – Hedge funds that bet on mergers have had scant success in recent years. Now some are pinning their moneymaking hopes on Royal Dutch Shell PLC’s $70 billion planned takeover of BG Group PLC. The deal was announced earlier […]

Biz Journals – The parking lot next to the Omni Hotel was purchased last week, according to public records filed Friday. Och-Ziff Capital Management Group, a hedge fund and private equity firm based in New York, purchased the lot at […]

WSJ – For two decades, Igor Tulchinsky and his team of quantitative traders have helped fatten the returns of New York hedge fund Millennium Management LLC. Now, the roughly $28.5 billion firm and Mr. Tulchinsky are forming a joint venture […]

Bloomberg – Alliance Trust Plc struck a late-night deal with its largest shareholder, Elliott Advisors, to expand the board in a bid to avoid a public showdown at its annual general meeting in Scotland. The deadline for shareholders to vote […]

WSJ – For two decades, Igor Tulchinsky and his team of quantitative traders have helped fatten the returns of New York hedge fund Millennium Management LLC. Now, the roughly $28.5 billion firm and Mr. Tulchinsky are forming a joint venture […]

City AM – Advisors is the UK subsidiary of a much larger American group, which began life in 1977 when it was established by Paul Elliott Singer. Its British arm has a reputation for activism which is not always welcomed […]