Category Archives: Syndicated
US Hedge Fund and Banker Bonuses to Jump 10% in 2013
International Business Times – US hedge fund and banker bonuses are set to rise by 10% in 2013 but there is still a pay disparity between different business sectors on Wall Street, says a consulting firm. According to a fresh […]
Mariner encourages hedge fund community to adopt UN PRI
Risk.net – Mariner Investment Group has become one of the few US hedge funds to adopt the UN principles for responsible investment. CEO Bracebridge Young thinks other funds should take up the standards Global alternative asset manager Mariner Investment Group […]
ValueAct Hedge Fund’s Big Microsoft Bet Is Paying Off So Far
Forbes – When Jeffrey Ubben’s ValueAct Capital Management disclosed its $2 billion position in Microsoft in April, it seemed like the activist hedge fund could be in over its head in trying to shake things up and bring change to […]
Ex-SAC manager seeks to hide hedge fund ties
NYP – Former SAC Capital Advisors money manager Michael Steinberg doesn’t want prospective jurors on his insider-trading trial to know he worked at Steve Cohen’s now-notorious hedge fund. Steinberg is charged with conspiracy and securities fraud tied to trades in […]
Hedge Fund Is Said to Push for Men’s Wearhouse Merger
DealBook – Over the last two months, Men’s Wearhouse has steadfastly rebuffed a $2.3 billion takeover bid by a smaller rival, Jos. A. Bank. Now, an activist investor is hoping to change the retailer’s mind. A hedge fund, Eminence Capital, […]
Will Disney Beat Hedge Fund Analyst Expectations?
Seeking Alpha – When it comes to the quintessential family friendly summer vacation, the first thing that comes to mind is Disneyland. Therefore it’s no surprise that Disney had a stellar third quarter. Although, come the changing of the seasons also […]
Sony drags down Loeb’s October returns
New York Post – Hedgie Dan Loeb’s long winning streak continued in October — although a 20 percent drop in his high-profile activist target Sony nearly wiped out his overall gain. Loeb’s Third Point hedge fund ended the month with […]
Hedge fund Elliott builds up 12 pct stake in Celesio
Reuters – Hedge fund Elliott International has built up a stake of almost 12 percent in German drugs distributor Celesio, currently the subject of an $8.3 billion takeover bid by U.S. rival McKesson. Elliott owned 11.68 percent of the shares […]
ValueAct Hedge Fund’s Big Microsoft Bet Is Paying Off So Far
Forbes – When Jeffrey Ubben’s ValueAct Capital Management disclosed its $2 billion position in Microsoft MSFT +4.2% in April, it seemed like the activist hedge fund could be in over its head in trying to shake things up and bring […]
Will Twitter IPO pop? Hedge funds weigh in
CNBC – The financial community will be watching whether the so-called smart money invests in Twitter’s initial public offering. Anecdotal evidence suggests some larger hedge funds are at least showing interest. Representatives of Dan Loeb’s $14 billion Third Point and multi-billion-dollar family […]
Investcorp acquires real estate assets valued at $250 million
Investcorp, a leading provider and manager of alternative investment products, announced today that its US-based real estate arm has acquired a group of high quality office and retail assets in the greater Chicago, Los Angeles, Minneapolis and New York areas valued at $250 million. “This acquisition adheres […]
Providence to move $4.3 million in pension funds to hedge fund with lower fees, higher return
Providence Journal – The Providence Board of Investment Commissioners, which is chaired by Mayor Angel Taveras, voted Tuesday to relocate $4.3 million in pension investments from a hedge fund with high fees to another with significantly lower fees and a […]