Category Archives: Syndicated

Hot Hedge Fund Coatue Hires Ex-Och-Ziff Executive

(Reuters) James Keith “JK” Brown, a top hedge fund marketer who left Och-Ziff Capital Management Group LLC last year, is set to join Coatue Management LLC to lead its investor relations unit, according to a person familiar with the situation. […]

This Hedge Fund Made a Big Bet on MuleSoft Months Before Takeout

(Bloomberg) Salesforce.com Inc.’s $6.5 billion purchase of MuleSoft Inc. marked a big win for a small hedge fund whose stake in the cloud-software maker at one point represented 20 percent of its holdings.Christopher Devlin, manager of the $47 million Lynchburg, […]

Toshiba’s $18 Bln Chip Unit Sale Faces Tight Deadline, IPO Looms

(Reuters) Japan’s Toshiba Corp faces a Friday deadline to win Chinese antitrust approval to sell its prized $18 billion memory-chip business by end-March, raising the possibility the deadline may be missed and that it will seek alternatives such as an […]

Trump Slams China With Tariffs On $50 billion Worth Of Goods

(The Business Insider) President Donald Trump announces that the US will soon impose tariffs on billions of dollars of imports from China, a move that could eventually trigger a trade war. The tariffs, which function as taxes on imports, come […]

Hedge Fund Arbs Place Their Vote In $9 Billion Nail-Biter

(Bloomberg) GKN Plc’s shareholders owe Melrose Industries Plc a debt of gratitude for its hostile bid. But that doesn’t oblige them to accept a takeover offer from the industrial turnaround specialist that still looks too low compared to what the […]

This Hedge Fund Made a Big Bet on MuleSoft Months Before Takeout

(Bloomberg) Salesforce.com Inc.’s $6.5 billion purchase of MuleSoft Inc. marked a big win for a small hedge fund whose stake in the cloud-software maker at one point represented 20 percent of its holdings. Christopher Devlin, manager of the $47 million […]

Volatile Volatility Leaves Europe’s Investment Banks Whipsawed

(Bloomberg) Europe’s investment banks were upbeat after a spike in volatility at the start of the year promised to revive their battered trading units. By Wednesday, their exuberance had disappeared as quickly as it came. Deutsche Bank AG cautioned that […]

Och-Ziff Executive to Start New Unit Under Fund Giant Millennium

(Reuters) An Och-Ziff Capital Management executive is leaving the company to run a new firm backed by global investment firm Millennium Management, according to two sources familiar with the matter, the latest move in the commodities fund industry after a […]

Weinstein Co. Burns Funds From Baupost to Highbridge

(Bloomberg) It seemed like a good idea at the time — buy an equity stake in an upstart film company founded by two gutsy New Yorkers with a knack for making money at the box office. That was in 2005 […]

Point72 Executive Says Sexism Case Belongs in U.S. Court, Not Arbitration

(Reuters) A female executive at Steven A. Cohen’s Point72 Asset Management LP on Wednesday urged a federal judge to reject the billionaire’s effort to move her claims of “pervasive” sexism at the hedge fund firm into arbitration. Point72 had contended […]

ILG Explores Merger with Apollo’s Diamond Resorts

(Reuters) ILG Inc (ILG.O), a U.S. provider of vacation timeshare properties, is exploring a merger with Apollo Global Management LLC’s (APO.N) Diamond Resorts International Inc as an alternative to a sale, people familiar with the matter said. The merger would […]

Starboard Nominees to Newell Board Withdraw after Icahn Move

(Reuters) Activist hedge fund Starboard Value LP said on Tuesday four of its nominees to Newell Brands Inc’s board withdrew, a day after the consumer products maker handed board seats to billionaire investor Carl Icahn.Starboard, the $8 billion hedge fund […]