CNBC – Network gear maker JDS Uniphase said it would split into two separate public companies as it looks to expand in the data communication market and strengthen its network business. Shares of JDS Uniphase, worth $2.78 billion as of […]

WSJ – A number of the largest activists are raising billions of dollars, in an effort to take advantage of their increasing clout in boardrooms and above-average hedge-fund returns. Daniel Loeb’s Third Point LLC recently raised a $2.5 billion war […]

P&I – Board members at San Francisco City & County Employees’ Retirement System delayed a vote Wednesday on a plan to implement a hedge fund program for the second time in three months as they debated whether the investment is […]

Bloomberg – Nine out of 10 hedge-fund managers are overpaid as management fees don’t reflect declining interest rates and fund returns, according to Unigestion Holding SA, which invests $2 billion in hedge funds. The fees, which still make up as […]

Reuters – A U.S. judge said on Wednesday [Sept. 10] he would wait for a decision on a pending appeal before ordering Citigroup Inc. to comply with a subpoena seeking details of any threats from Argentina to process payments the […]

Bloomberg – Pelargos Capital BV, a Dutch hedge-fund manager spunoff from insurer Aegon NV, is seeking to more than triple over the next three to five years the assets of its Japan Alpha Fund that has outperformed peers. Pelargos is […]

WSJ – Federal investigators have uncovered a flurry of communications between a Washington research firm and several hedge funds, opening a new front in an insider-trading probe focused on the firm’s 2013 investor alert about a change in government health-care […]

Bloomberg – The U.S. Federal Housing Administration started selling distressed loans in 2012 to help communities hit hard by foreclosures while also reducing losses to its taxpayer-backed insurance fund. Two years later, the first reports on the loan sales show […]

Bloomberg – Co-underwriters with Lehman Brothers Inc. don’t have so-called contribution claims against the liquidated investment bank related to offerings in which it was the lead underwriter in the sale of its own securities. Also as the result of a […]

Evening Standard – A hedge fund manager who built his business on mathematical reasoning has given the Science Museum an unprecedented 5 million pounds towards building a new maths gallery. It is the largest individual donation the South Kensington institution […]

DealBreaker – Preet Bharara is a big-picture kind of guy. He’s won more than 80 insider-trading convictions. Sure, there’s the one that got away, mostly because the judge presiding was, in Preet’s considered opinion, a fucking idiot. And, sure, it […]

Futures – Walgreen Co. will be pressured to boost a $3 billion share buyback that disappointed investors last month after activist hedge fund Jana Partners LLC struck a deal yesterday on three board seats at the U.S. drugstore chain, said […]